You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How balance is generated for our account 36050501?

Summary:

We have an account which has a balance, but it was not generated by journal entries.

Content (please ensure you mask any confidential information):

We have the account 36050501, which is Owner's Equity type. This account doesn't generates any journal entry, but it has a balance.

According to what we understand, it works by a standard functionality of Ledger Year End Closing Process ( Doc ID 66532.1 ). But, how exactly does it work? How can an account that doesn't generate journal entries has a balance?

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!