The Profit & Loss A/c is a periodic statement, which shows the net result of business operations for a specified period. All the expenses incurred and incomes earned during the reporting period are recorded here.
The Profit and Loss Account in Tally.ERP 9 displays information based on the default primary groups. It is updated with every transaction/voucher that is entered and saved.
To know more, click the links below:
● Display Profit & Loss Account
● Configuring Profit & Loss Account
● Display Income & Expense Statement Instead of Profit & Loss
'Profit & Loss Account' has been shared with
