Profit & loss account
This query is : Resolved
08 November 2014
Hi Experts,
I have following query, pls advise:
A purchase bill pertaining to the month of October and we are making its payment on 10th November. Now, when we will see P&L Statement for October month then it will not take effect of 10th November payment entry in October month P&L. Can you please advise is there any possibility to take effect of 10th November payment entry in the month of October month as Company wants to see Actual P&L Statement for the particular month.
I need this solution in Tally ERP 9.
Thanks in advance.
Chander
I have following query, pls advise:
A purchase bill pertaining to the month of October and we are making its payment on 10th November. Now, when we will see P&L Statement for October month then it will not take effect of 10th November payment entry in October month P&L. Can you please advise is there any possibility to take effect of 10th November payment entry in the month of October month as Company wants to see Actual P&L Statement for the particular month.
I need this solution in Tally ERP 9.
Thanks in advance.
Chander
08 November 2014
01. No. Not possible.
02. Alternatively issue the cheque dated 31/10/2014 on 31/10/2014 (with the understanding that it will be presented not before 10th of Nov), then you can pass the payment entry on 31/10/2014.
02. Alternatively issue the cheque dated 31/10/2014 on 31/10/2014 (with the understanding that it will be presented not before 10th of Nov), then you can pass the payment entry on 31/10/2014.
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