0 Replies Latest reply: Jul 15, 2011 3:27 AM by Shoaib RSS

    Retained Earning Accounts Creation Error

    Shoaib
      Hi Friends

      I am Using Oracle R12

      I am in a Process of Creating a Ledger, At the Step in the "Accounting Setup Manager"...we need to Enter Retained Earning Account which is A compulsion.

      Now when I am Moving on to Next Step,it is Showing me Error :-

      "Retained Earning must be a Balanced sheet Account"

      I have Checked the values.....
      1) the Accounts Which I have used for Retained Earning ,is Of Type "Owner`s Equity" which is From a Balance Sheet...

      then why its Giving me This Error...
      Plz Help

      Thanks