Financial Management - PSFT (MOSC)

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Year End Closing Entries Unbalanced - Why would this happen?

edited Jul 6, 2012 10:36AM in Financial Management - PSFT (MOSC) 4 commentsAnswered
My question is related to year end closing entries.

The closing entries should balance, correct?  We have 2 fiscal years that did not balance (debit = credit), why would this occur? 

Is there an error in processing, is there a flag that can be checked to prevent this in the future?

Thanks

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