Hello Folks,

The following paragraph I got from oracle material.
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You can post journal entries to a prior accounting period, as well as to a prior fiscal year, as long as the prior period is open,

When you post to a prior period, General ledger automatically updates the beginning balances of all subsequent periods even if the periods is closed.
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My Question is

1. Is it possible close a period randomly?
I.e Current Period is April-2010 Open and Jan-2010 is open and Feb-2010 is closed and March 2010 is open.

2.How come the beginning balances can update for closed period.

Pls explain to me.

Thanks, Raghu.K