Skip to Content
0
Former Member
Nov 28, 2011 at 11:01 PM

Retained Earning GL for Group & Country Chart of Accounts

349 Views

Dear Experts

1. Is it must to setup a retained earnings GL for Group Chart of Accounts or Country Chart of Accounts?

If I leave the GL field blank in OB53 with indicator X, system allows to create the GL master in the above COA.

2. So when we do a balance carry forward does it also happen for Group / Country retained earnings GL?

3. What is the difference between T.codes OB53 and GCS7 ? Both appear for retained earnings GL.

4. What is the use of setting up more than 1 Retained earnings GL?

Please advice.

Regards

Kapil