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Former Member
Feb 10, 2011 at 10:36 AM

Balance Sheet marked wrongly as P & L account

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Hello Experts

Our client has wrongly created few Balance Sheet GL codes as P & L accounts. Also, he did the carryforward the balance to the next financial year. Now the balanc is lying in "P&L appropriation account"

Kindly advise the following three points

(a) What is the correct functional solution for the above problem.

(b) client wants to change the GL account type from P&L account to B/S account - What will be the implications

(c) He also wants to see the opening Balances of all GL accounts after year end (after carryforward of last year end)

Regards

Anil