Profit and loss report group wise generated by business accounting and inventory management software

Profit and Loss Report Continued...

b) If you select Closing Stock from Profit and Loss Report then “Closing Stock Value” screen will be displayed:

Closing Stock Value is used to enter the remaining stock amount at the end of particular month.

Closing Stock Value screen contains the following fields:

• S.No.: This auto-generated field displays the serial number.

• Month: This field displays the list of months which is started from that month when financial year of the company begins.

• Value: In this field, you need to enter the amount of remaining stock at the end of selected month.

• Nature: In this field, you need to select the nature of remaining stock amount whether it is Debit or Credit.

Note-> After enter the value, press any key to select the nature of value as Debit/Credit.

• Group: This field displays name of account which is under group of Stock-in-hand Account Group.

After entering the values, click on “Save” button to save information.

c) If you select Revenue Account (like Sales A/c, Purchase, Expenses or Income), then Profit and Loss Report (Group Wise) will be displayed:

Profit and Loss Report (Group Wise) contains the following fields:

• Account Group: This field displays those accounts which are under group of Revenue Account Group like Sales A/c, Purchase, Expenses (Direct), Expenses (Indirect), Income (Direct) and Income (Indirect).

• Account Number: This field displays account numbers in respect to Account Group.

• Debit: This field displays debit amount.

• Credit: This field displays credit amount.

• Narration: This field displays information about transaction.

• Grand Total: This field displays total of Debit and Credit amount.

The following buttons are used in this form:

• Back: This is used to go back on previous window.

• Print: This is used to take print.

• Exit: This is used to exit from current window.