13 thoughts on “Profit & Loss Account in Tally – With Profit Transfer to Capital Entry

    • Rishit Shah says:

      Hi, Shanty!

      Either your asset side is bigger or smaller or your liabilities side is bigger or smaller.
      Please check it and make sure the amount on both the liabilities and asset side is same.

      This way your difference between asset and liabilities will be zero and your balance sheet will be balanced.

  1. Aninda says:

    hello, I can see that there is no “Quick Setup” option in tally latest option. is there any way to activate it??

    • Rishit Shah says:

      Hi, Thomas!

      In Profit and Loss account, the sales figure does not include taxes, other expenses and discounts that you give on sales.
      They are displayed as expenses down in the profit and loss account.

      That’s why sales figure is less than what you see in the voucher.

      Good question!

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