We have closed the our company accounts and all accounts finely closed and i have making trading, P& L and BL but our company loss something 2 lac and that loss i have adjust so can i journal entry passed in tally regarding the loss ?. If passed the entry so how do the passed out the entry in tally. plz help me. Note :- Our firm is proprietor firm and proprietor capital is 10 lac.
03 April 2016
Since this is closure of the business the loss balance need to be adjusted with the capital accounts f the proprietor so debit capital and credit the loss a/c
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