Different Calendar on the Primary and Secondary Ledgers
SummaryDifferent Calendar on the Primary and Secondary
I have a primary Ledger from Jul-Jun Calendar and another Secondary Ledger from Jan-Dec.
I have a question on the Primary Ledger I will do the month end year, so all the P&L Accounts will be transfer to retaining earnings accounts, hence the year end close journals will not be transfered from Primary to Secondary Ledger.
However in my view the P&L accounts will start over in August ?
Expense Account Salary and Wages = 300 USD
Expense Accounts Salary and Wages = 0 USD --- This a a new value because the P&L Accounts will be transfer to retaining earnings