Income Offset account

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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syedtaju_21
Posts: 58
Joined: Thu Aug 28, 2008 4:21 pm
Location: India

Income Offset account

Post by syedtaju_21 »

Dear All,

Can any one let me know the following program details in GL

1)Close Process - Create Balance Sheet Closing Journals" and
2) Close Process - Create Income Statement Closing Journals"

What is the Income offset Account in the second Program and which account generally used for It.

Advance Thanks
syedtaju_21
Posts: 58
Joined: Thu Aug 28, 2008 4:21 pm
Location: India

Post by syedtaju_21 »

Can you please update on the same
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