Regarding : loss in company and passed out the entry.
This query is : Resolved
02 April 2016
Dear Experts,
We have closed the our company accounts and all accounts finely closed and i have making trading, P& L and BL but our company loss something 2 lac and that loss i have adjust so can i journal entry passed in tally regarding the loss ?. If passed the entry so how do the passed out the entry in tally. plz help me.
Note :- Our firm is proprietor firm and proprietor capital is 10 lac.
Many thanks to all experts in advance.
Thanks & Regards
Lakhan Madne
We have closed the our company accounts and all accounts finely closed and i have making trading, P& L and BL but our company loss something 2 lac and that loss i have adjust so can i journal entry passed in tally regarding the loss ?. If passed the entry so how do the passed out the entry in tally. plz help me.
Note :- Our firm is proprietor firm and proprietor capital is 10 lac.
Many thanks to all experts in advance.
Thanks & Regards
Lakhan Madne
03 April 2016
Since this is closure of the business the loss balance need to be adjusted with the capital accounts f the proprietor so debit capital and credit the loss a/c
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