Answer / raghu.v.

if its Profit,

Profit loss a/c Dr
Capital Cr
Its means profit is liability to the co.

if Loss,
Capital Dr
Profit loss a/c Cr
Its means Loss is assets to the co.

Answer / babhu.k

Profit is a liability.......

Expand---------MRDT

0 Answers  

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i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..

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EXPAND______________RTI

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Expand-------- CTEI

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Expand -------CCIL

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Answered but misspelled pl correct HELPS US TO KNOW THE ARTHEMATICAL OF THE BOOKS OF ACCOUNTS (ANS.NCELABALAIRT)

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