Hello
Can someone help me to explain how I can do this in Mifos.
When we run a balance sheet, at the bottom of equity segment, the system
automatically calculate "Retained Earnings" which is the same amount as
the profit/loss on income statement.
My question is, when one want to allocate that amount of either profit
or loss to a book of account that they created they will post a journal
entry between "Allocated Profit/Loss" account and which book of account?
Thanks in advance
Kind Regards
--
Mexina Daniel
Chief Executive Officer
Singo Africa Limited
Email:
mexina@singo.africa
Company Website:
https://singo.africa
Amala Website:
https://amala.co.tz
AmalaSoko
https://amalasoko.com
Mobile:
+255 71 211 0791
Address:
Magomeni Usalama, Watumishi House, 1st Floor
P.O.BOX 78908 | 14121 Dar es Salaam
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Links:
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[2] http://this-is-a-sample-url.com
[3] https://twitter.com/mexinamiel?lang=en
[4] https://www.instagram.com/miel_beckie/?hl=en_______________________________________________
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