In the COA - General Tab - we have a field called Close and it has 3 options.
Indicate how balances should be transferred to the Closing sheet form:
- Blank – Leave the field blank to transfer the balance to the Difference field.
- Result – Select this option to update operating accounts.
- Balance – Select this option for balance accounts.
- Capital – Select this option for accounts related to cash flow forecasts and revaluation.
I am not understanding about the result , balance and captial options .
Could any one guide me about the options with an example.