Please solve my problem that in my tally the profit and loss a/c showing in debit side (Assets) in balance sheet and showing like Profit & Loss A/c 2.50 Opening balance Current Period (-) 1,73,834.85 Less: Transferred 1,73,837.85
Please tell me that how can i solve this mistake. and i have cross checked all the transactions with audited balance. but i could not find the actual mistake in tally. how can i accurate my profit & loss a/c in tally.
24 September 2018
Opening balance Current Period (-) 1,73,834.85 Less: Transferred 1,73,837.85
- Both Values are different - Transfer the Profit Value to Capital Account on PY and Show the Capital valu with Profit Value. No need Opening Balance in Profit & Loss ledger if You are maintain every Year with Single Data
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