Question

Solve and calculate Gross Profit, Net Profit, New Capital of Both Partner and Tally Amount. Attach your Solution for score full marks. Students are requested to solve the below Exam Paper on a full scape paper, click a picture from your Mobile and upload it by clicking "Add File" below. *​

Answer 1

Explanation:

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.

Answer 2

Answer:

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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