How to create a new G/L account in SAP?

Why do you not want to specify a retained earnings account?

Fortunately, the problem is resolved!
When I tried creating a new G/L account, the error message said that “Profit and Loss statement account type is not created/maintained”. And, this P & L statement account type is maintained (created) in FI configuration; here’s the path for it: IMG-Financial accounting-General ledger accounting-G/L accounts-Master data-Preparations-Define retained earnings account. (transaction code: OB53)
Entering in, it asks for the chart of accounts (select one and go inside), in account assignment area, P&L statement account type key and account (number) (i.e. the blanace sheet (liability) account to which P&L balance should be carried forward at the year-end) have to be entered.
Since, I created new chart of accounts, it was blank; it had no account in it. So, I tried creating new (G/L) account in it. That is when the above error popped up. Then, I was supposed to define retained earnings account, but there I had no account for defining retained earnings account. That is, a new account creation requires a (pre-defined) retained earnings account, and a retained earnings account requires first at least one account.
Eventually, I could get out of this vicious loop. The trick is like this: first define a retained earnings account; there enter only the P&L statement account type key (“X”), and leave the account field blank. Save it, and it works.
Then, create a new G/L account as usual. After you’ve created the balance sheet account, go and enter it in the left (blank) field where a retained earnings account is defined.
Anyway, thanks for showing your keen interest in my problem.

Thanks a lot!!!!!!!!!!!!!!!!!!!!!!
I spent some hours trying to solve this