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0 Replies Latest reply: Jul 15, 2011 1:27 AM by Shoaib RSS

Retained Earning Accounts Creation Error

Shoaib Explorer
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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

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