Income Statement Closing Detail
This detail page is also provided for Historical Income Statement Closing Journals. If you create income summary journals, no detail is provided for the second income statement closing journal, the one whose Main Account is Retained Earnings.
All period end journal detail pages include the following fields in their headers, which are described in the topic Period End Journal Header Fields. The values for these fields are derived from the period end journal.
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Accounting Book (only when the Multi-Book Accounting feature is enabled)
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Subsidiary
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Source Subsidiary
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Posting Period.
The fields on the Income Statement Closing Detail page are as follows:
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Field |
Description |
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Total Amount |
This group of fields includes Debit or Credit and Currency. The total amount is a debit or credit depending on the total of the source transactions. If the total of the source transaction lines is a debit, the total amount is a credit. Conversely, if the total of the source transaction lines is a credit, the total amount is a debit. The exception to this rule is the Total Amount on the detail for the second income statement journal when you use income summary journals. The detail for the journal from the income summary profit or loss account to retained earnings has only one detail line, and it is the total amount. The Currency field is the subsidiary’s base currency. |
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Detail Lines |
The detail lines include the following columns:
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