There was a net business loss of Rs. 7,677/-. But when I enter the negative value in "4c: Profit and loss account/ Accumulated balance" of the Balance Sheet, the value is not accepting. How to resolve?
There was a net business loss of Rs. 7,677/-. But when I enter the negative value in "4c: Profit and loss account/ Accumulated balance" of the Balance Sheet, the value is not accepting. How to resolve?
So, I should enter the positive value. Suppose, if I had a net PROFIT of Rs. 7,677/-, value will be the same?
do not post the loss separately in the balance sheet. make the adjustment in the amount of capital fund and post the adjusted capital amount
Oh, right! Thank you so much Rahul and Veerender.
CAclubindia
