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

Can you please send me a fees structure for tally courses?
Rs.2000 for Online and Rs.3000 + Petrol Charges for Home tution. Basic Accounts, Accounting, Taxes (TDS, CST, VAT, Service Tax, Excise Duty, Income Tax), Payroll, Inventory, Reports, Annexures & Forms, Online Return Filing.
Profile Photo
Sunil
How to create a company with password (in tally)?
In company creation form , set the security option to 'yes'.
Profile Photo
Eagle Training Academy
0 0
View Comments7
Can tally be used in banks?
Yes,Tally provides various functions such as managing bank transactions, maintaining ledgers and account books, generating reports like balance sheets and income statements, among others.
Profile Photo
Priyanka
0 0
View Comments5
What is Tally?
Tally is a accounting software. In this software you can easily maintain business account
Profile Photo
Chitra
0 0
View Comments5

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

Ask a Question

Related Lessons

GST - GOODS & SERVICE TAX
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods &...
Profile Photo

Tally.ERP9 - An Introduction
- Tally software was developed by Tally Solutions Pvt Ltd - A Bangaluru based company. - It is the best available software in the Indian market for Small and Medium Enterprises - Tally has got great...
Profile Photo

Tax Management
A Business who stays aloof of tax matters cannot remain competitive. Tax laws are an economic reality in the Business world. A Tax Dollar is just as real one derived from other source.” Tax Management...
Profile Photo


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...
Profile Photo

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