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Question regarding Financial closing

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Hi Gurus,

 

Kindly clarify on all my questions

 

 

1)How annual closing happens in sap (with t-code)? also explain me how P&L balance(gross profit or loss) is transferred to balance sheet?

2)How to carryforward balance sheet balance to next fiscal year? (with T-code)

3)How to carryforward customer and vendor balance to next fiscal year? (with T-code)

 

 

Thanks
Madhu


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