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How we will dabit profit & Loss a/c in tally because profit
& Loss a/c is tally generated a/c. we have to make
provision for tax.
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Just Pass a Journal entry on the 31st march.
Profit and loss account Dr
to Provision for Taxation
I think you havent noticed one thing in tally.
an Account by the name "Profit and loss" is already present
in the list of accounts.
go to Accounting vouchers\ Press F7 for Journal entry
change the date to 31 march and type pro..... we
automatically find profit and loss account displayed in the
list of accounts available.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / abubakar
If I Pass a Entry Dr P&L Account Cr Reserve and Surplus Account But Under Group What
| Is This Answer Correct ? | 1 Yes | 0 No |
what you mean by amortisation
1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.
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