Periods in oracle general ledger?

hi,
can someone tell me the difference between closed period and permanently closed period in general ledger?
Regards
sudharshan

The difference between closed period and permanently closed is that when the period is closed as well as permanently closed, you will not be able to see the period in the list of values. In other words, you cannot do any transactions for the period that are in closed and permanently closed status.
But in case, if you want to enter a transaction for a period which is in closed status, then we can goto setup, change the period from closed to Open and then post the transaction for the period. This is not possible in case if the period status is permanently closed because the status against the particular field will be frozen thus making it impossible do the changes.

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