At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings ac
Posted: Tue Feb 28, 2023 1:02 pm
At the end of a fiscal year the system carries forward the balance of certain accounts to a special retained earnings account and sets them to zero.
Which accounts are treated in this way?
A. Balance sheet and P&L accounts
B. P&L accounts
C. Accounts managed only on the basis of open items
D. Balance sheet accounts
Which accounts are treated in this way?
A. Balance sheet and P&L accounts
B. P&L accounts
C. Accounts managed only on the basis of open items
D. Balance sheet accounts