How to transfer profits in p & l account to general reserves

Kaushal Gandhi (Business) (25 Points)

25 May 2012  

I want to transfer current years profits in profilt & loss account to general reserves a/c in Tally 9.0

How do I do that?

I want to pass accounting entries at the end of the year for items in my profir & Loss account in Tally 9.0.

Transferring all expenses or losses:

Profit and loss account
     To Each of the various expenses or losses

(This entry will close the expenses accounts)

If I pass entry this way.. all the expenses will show 0 balance ason 31st March. Is there some other way out?