(May 2010) A low residue diet is a diet designed to reduce the frequency and volume of stools while prolonging intestinal transit time. It is similar to a low-fiber diet, but typically includes restrictions on foods that increase bowel activity, such as milk, milk products, and prune juice. A low residue diet typically contains less than 7â10 grams of fiber per day.
The opening balance is the first entry in a firm's accounts, either when they are first starting up or at the start of a new financial year. The opening balance can be found on the credit or debit side of the ledger, depending on whether or not the firm has a postive or negative balance.
Consequently, the opening balance on a retained earnings account does not correspond to the closing balance of the previous year. The carry forward balance of the retained earnings account is representing the cumulated year-end balance of the corresponding P&L accounts. In this example the year-end balance of the P&L accounts are assigned to P&L account type 'X'. Transaction OB53.