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In version 6, when trying to run the Balance Sheet, there is a provision in the wizard asking where should (in which account) be the profit or loss should parked (field name - 'Reserve and profit or loss account'.  Also it can be mapped directly in companies configuration.

Where as in version 7, I could not find the same.  How is it possible to run the balance sheet as it shows the difference of profit or loss.

 

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