Bs & p and l

" How to create Balance Sheet and Profit & Loss accounts...?"

As an accountant you know that once vouchers of income & expenditures  are posted in any accouning software........... It automatically .....

" This work is under Proffession or Business...?"

Most Debatable question............. but on individual level, professional........ While on office or workforce set up it goes to business level (unless the proprietor is professionally qualified as per sec. 44AA)

Thank you for the reply...

My doubt is over all clear. And one more,

In my knowledge I prepared the accounts based PY's BS & PandL a/c. Also I prepare Business Accounts till date not prepared Proffessionals accounts. So, I have more doubts. But, I don't get newly preparation.

So, How to I prepare as New one...?

Principal of accounting remains same whether it is of  business or professional. exept trading account.

For detailed study refer: cengage.com/resource          or take help of any local friend accountant to start with...

Thank You sir...

It's very helpful...

My Pleasure.........