Retained Earnings A/C (OB53)

Hi,
Can any one please let me know how the balance flow from P&L A/C to Retained Earnings A/C. Is there any Tcode to do this, as we do to transfer vendor & customer closing balance to the new accounting year (F.07).
Please explain me the concept of maintaining more than one retained earnings a/c. is it necessary to maintain 3 p&l a/c to maintain 3 retained earnings a/c.
Reply on this would be very helpful; you can send any notes to this mail id [Email removed by moderator]
Message was edited by:
        Mario Herger

Hi
T code F.16 is used to carry forward balance to retained earning s account. As far as i understood, you can manintain as many Retained earning account as you want for a particular COA. Maintaining of more than one accounts may be as per the business needs like to have seperate results for same nature of expenses like manufacturing expenses, operating expenses etc. So for manufacturing expenses, you will maintain one retained earnings a/c and for operating exp accounts you will maintain another retained earning account
thanks
pushkaraj

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