for the first time I'm studing the year end closing procedure. I can't undestand the next two things:
01. In the Period-End Closign - Seection criteria in the text box "Period-End Closing Account" i have to set a accout belonging to the last draw in the chart of account? or it have to be a balance shhet account?
02.the account in the last draw are not considered in the Profit and loss statement?
Thank You a lot