Is it okay to transfer directly the expenditures to the profit and loss account in a tally?

Asked by Last Modified  

Follow 2
Answer

Please enter your answer

It will be automatically transferred on 1 st day of next financial year.
Comments

Tally faculty

Ya, no problem, but to specifically to know about what are the direct and indirect expenditure and net profit we should segregate them to direct and indirect expenses as must.
Comments

Related Questions

What is Busy Accounting software?
BUSY is an integrated business accounting and management software, particularly designed for Micro, Small, and Medium Enterprises (MSMEs).
Parna
0 0
5
What are the most interesting and unknown facts of Tally, an accounting software?
Because it supports several languages, Tally ERP 9 is known as multilingual tally software. Other languages may be used to read reports and maintain accounts. Up to 99,999 companies can have accounts that...
Abraham
0 0
5
What is tally accounting?
Tally is a accounting software. We can maintain business accounting through the tally software
Rawinder
0 0
5
which will be the next version in Tally ERP?
Next Versions Tally.ERP9 Series B is under development. Please don't confuse with With Version and Release. Version is some thing Big enhancement in Tally where as Release is minor enhancement in the product....
Shweta.m
What is the best thing about tally accounting software?
It's mostly use and simplest software
Hema
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Tally.ERP9
Hi.....Learn Taxation through Tally is easier way to understand & improve knowledge base.
R

Rudra

0 0
0

Error Code 2013
Error Code 2013: Invalid or incorrect Tally.NET ID or password This error occurs when you enter an incorrect or invalid Tally.NET ID, administrator e-mail ID, site administrator e-mail ID, or password. Solution You...

What is Debit or Credit ?
In accounts, these to words are most important, if students understand this concept they can able to handle accounts properly, Its a very basic of Accounts which students lack in the future course of the...

Why Tally is most popular accounting software in India?
Why is Tally the most popular accounting software in India? The top 10 reasons follow. 1.Easy maintenance : Maintaining an accounting software package hasn’t been more comfortable. A transformation...

Recommended Articles

Business Process outsourcing (BPO) services can be considered as a kind of outsourcing which involves subletting of specific functions associated with any business to a third party service provider. BPO is usually administered as a cost-saving procedure for functions which an organization needs but does not rely upon to...

Read full article >

Almost all of us, inside the pocket, bag or on the table have a mobile phone, out of which 90% of us have a smartphone. The technology is advancing rapidly. When it comes to mobile phones, people today want much more than just making phone calls and playing games on the go. People now want instant access to all their business...

Read full article >

Whether it was the Internet Era of 90s or the Big Data Era of today, Information Technology (IT) has given birth to several lucrative career options for many. Though there will not be a “significant" increase in demand for IT professionals in 2014 as compared to 2013, a “steady” demand for IT professionals is rest assured...

Read full article >

Microsoft Excel is an electronic spreadsheet tool which is commonly used for financial and statistical data processing. It has been developed by Microsoft and forms a major component of the widely used Microsoft Office. From individual users to the top IT companies, Excel is used worldwide. Excel is one of the most important...

Read full article >

Looking for Tally Software classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you