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Former Member
Apr 23, 2009 at 09:00 PM

year end closing

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hi all

we are trying to do our year end closing. all entries seem to be going through fine. except the final one. the posting which is supposed to clear the profit and loss account and put that amount into retained earnings is not coming through. the amount remains in the profit and loss account.

could any body think of any reason as to why this could be happening? any recommendations would be welcome!

thanks!