Tally 5.4

This query is : Resolved

Rajesh Kalyanasundaram (Querist)
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04 October 2015 How to remove unrealised exchange gain or loss from tally balance sheet. When creating a new company for next year . I am getting the above as opening balance difference after transfer of clo ising balances

Amol S Joglekar

Amol S Joglekar (Expert)
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04 October 2015 what group you had put foor unrealised exchange gain/loss?

Rajesh Kalyanasundaram

Rajesh Kalyanasundaram (Querist)
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05 October 2015 It is coming as separate account in balance sheet

Amol S Joglekar

Amol S Joglekar (Expert)
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05 October 2015 That is why I asked WHICH GROUP YOU HAVE GIVEN TO "unrealised exchange gain/loss"

See try to note the fundamentals....expenses/payments are of 2 types
a. which find place in Profit and loss account
b. which find place in balance sheet

The figures in balance sheet will get carried forward to next accounting year

It means if you do NOT want "unrealised exchange gain/loss" to get carried forward to next accounting year, debit it ot Profit & Loss account of last year

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