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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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We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.
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