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balancing segment
Posted: Fri Mar 19, 2010 3:00 am
by bush_9999
What is balancing segment in COA & what is pupose
Posted: Fri Mar 19, 2010 7:19 am
by oteixeira
Hello.
The balancing segment is tipically the Company segment. It insures that the journals must balance (debit = credit) when summed by this segment.
Octavio
Posted: Fri Mar 19, 2010 7:20 am
by oteixeira
Hello.
The balancing segment is tipically the Company segment. It insures that the journals must balance (debit = credit) when summed by this segment.
Octavio
Posted: Thu Apr 01, 2010 5:26 pm
by deepu.oracle
Hi,
Balancing segment is a mandatory segment in Chart of accounts. Generally we will define Company is as balancing segment(Most probably). With the help of balancing segment only we can generate the financial statements,that's why Balancing segment is playing very key role in COA.
Regards,
Deepu.
Posted: Fri Apr 16, 2010 5:55 am
by ratnalusantosh
Hi,
Balanceing segment is always try to balance the debit=credit and it mostly company segment
Thanking you
Santosh