Entry of closing books in tally
This query is : Resolved
26 December 2012
Hello All
I am Sanjay. I want to take guidance regarding the closing entries of Purchase, Sale, Closing Stock & Opening Stock. In Summary, How to close the books of accounts in Tally.
Give me the whole entries of closing.
Thanks
Sanjay
I am Sanjay. I want to take guidance regarding the closing entries of Purchase, Sale, Closing Stock & Opening Stock. In Summary, How to close the books of accounts in Tally.
Give me the whole entries of closing.
Thanks
Sanjay
Guest
Guest
(Expert)
04 January 2013
In case of tally there is no need to pass closing entries. At the year end an journal entry is to be passed to transfer profit/loss to capital a/c.
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