General Ledger - EBS (MOSC)

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What happend in GL Period closer,

edited Jan 30, 2012 5:06PM in General Ledger - EBS (MOSC) 2 comments
hi all
I have a little doude in What happend in GL Period closer, if you can give answer for my below quection it is greatly appricialte,
1) what is the transaction entry when we close the gl perioc
2) dose it balance the all expence account
3) dose it pass the entry to retaining earing account
4) then what it the Accounting entry wise deffernt between Period closer and year closer

thanks
nalinda

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