I want to transfer current years profits in profilt & loss account to general reserves a/c in Tally 9.0
How do I do that?
I want to pass accounting entries at the end of the year for items in my profir & Loss account in Tally 9.0.
Transferring all expenses or losses:
Profit and loss account
To Each of the various expenses or losses
(This entry will close the expenses accounts)
If I pass entry this way.. all the expenses will show 0 balance ason 31st March. Is there some other way out?
CAclubindia
