| | Balancing Profit and LossIndividual Accounts The Profit & Loss accounts are individually cleared against the Retained Earnings
account. Source of Earnings Each Profit & Loss account is individually cleared against the related Source of
Earnings account. At the same time, the Source of Earnings accounts are cleared
against the Retained Earnings account. You can use this method to view the
composition of the total profit for the year, for example, what percentage of
the total profit is from operating profit, extraordinary profit, and so on. Total All Profit & Loss accounts are cleared directly against the balancing account that
you select in the Company Parameters (tfgld0503m000) session and the
total amount on the balancing account is posted to the Retained Earnings
account.
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