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Can Retained Earning account be a liability account type instead of Owner's Equity account type

in General Ledger & Intercompany 2 comments

Summary:

Traditionally, Retained Earnings is considered an equity account type in oracle cloud GL, representing the cumulative profits or losses of a company. However, I've heard some discussions suggesting that it can be classified as a liability account in certain scenarios.

I'd like to clarify whether Retained Earnings can indeed be classified as a liability account type in Oracle Cloud GL, and if so, what are the implications or impacts on the functionalities within Oracle Cloud GL? 

Any insights or experiences from those familiar with Oracle Cloud GL or accounting principles would be greatly appreciated.

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