Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

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What is s bank reconciliation statement? Give an ex where the Bank book and d cash book will not reconcile?

10 Answers   CBSE, Genpact,

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Differance between US GAAP and UK GAAP?

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If the financial year is Jan till Dec then would we make any entry for the telephone bill of Dec, whose invoice/bill would generate in Jan of next year. If yes what would be the amount as bill is still not received and what would be the adjusting entereis. Also how to rectify the same in next year?

3 Answers   Infosys,

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How to make a vat entry in books including setoff?

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a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do

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Define fair value accounting?

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what is Debit?

3 Answers  

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WHAT IS A CREDIT NOTE AND DEBIT NOTE IN RESPECT TO A TRADING COMPANY?

3 Answers  

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Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?

3 Answers  

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what use of form d and form h

1 Answers   Genpact,

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how to calculate forefeiture of share when over subcription

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