29 July 2018
Sirs, After transferring Profit to Proprietor's Account on 31.03.2017, I split the company. There was no problem in the Company_2016-17. But in the Company_2017-18 P & L Ledgers are showing opening balances and in Balance Sheet in the Proprietor's account, opening is inclusive of the profit transferred.but the Profit & Loss Account Ledgers are showing the opening balances which were transferred. In Accounts Information Display menu the P& L is showing the amount transferred as opening balances but in Alter menu the opening balances are nil but the mismatch displays are coming. It is a peculiar thing which I experienced for the first time
CAclubindia
