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Profit & loss account

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This query is : Resolved

Chander Mohan Sharma (Querist)

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

Amol S Joglekar

Amol S Joglekar (Expert)

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.

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