Profit & loss account & Balance sheet

Hi Gurus,
Please Provide me Proforma of Profit & loss a/c & Balance sheet in income tax act 1956.
Regards
Kiran

hi
Kindly check the below link it might be useful for you
http://www.nabard.org/pdf/2005-06/eng_con_bs.pdf
Thanks & Regards
Phaneendra

Similar Messages

  • PROFIT CENTER ACCOUNTING-BALANCE SHEET ITEMS TRANSFER

    Dear all.
    SAP describe as forllows about set up the opening balance for materials:
    In this activity, you set up the opening balance for materials.
    The system determines the material stock balance from Materials Management and posts it to Profit Center Accounting.
    After setting up the opening balance, it is advisable to post the changes in the material stock balance online to Profit Center Accounting, as this simplifies reconciliation with Financial Accounting.
    However, you can also transfer the material stock balance to Profit Center Accounting periodically.
    I want to know how can i  transfer the material stock balance to Profit Center Accounting periodically?
    Thanks!

    Dear Chen
    You can utilise the reports to transfer the balance sheet items periodically. pl  try this report to transfer the materials periodically S_ALR_87013348.
    I hope it will suffice to resolve your querry.
    Regards
    Madhav

  • Profit & Loss and Balance Sheet at profit center group level

    Hi,
    my client has "xxxx" as group in standard hierarchy of profit center. under this group there are further two sub groups "01" & "02". under each sub group there is one profit center "0100001" and "0200001" respectively. now the requirement is that the user would like to extract Financial Statement Version (P&L and Balance sheet) at all three levels "Top Group", "Sub Group" & profit center.Now i do know that by activating document splitting on the basis of profit center i can get FSV at profit center level through standard report "S_PL0_86000028" by specifying profit center in selection perimeters. but how can i get the same at two group levels? please help me out here.
    Regards,

    Hi
    As far as my knowledge it the only way to choose group of profit centers . as per below screen shot .. you are not permitted to choose profit center group.
    Regards
    Mahmoud El Nady

  • Profit & loss account & B&S

    Can U tell me which t code in ecc 6 business area area wise profit and loss account & B&S AND profit center wise profit and loss account & balance sheet which t code using in sap

    Hello,
    Make sure
    1. you have enabled business are balance sheet OBY6
    2. completed FSV at OB58
    3. You can see your P&L and BS at F.01
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    Ravi

  • Can we take Balance sheet and profit & Loss account as per plant & Sales

    Hi Team,
    Can we take Balance sheet and profit & Loss account as per plant wise & sales office wise also.
    Regards
    JKM

    hi jkm
    Hi
    This can solve your issue could be helpful to you.
    Go to this menu path for report painter
    Accounting - Financial Accounting -Special Purpose Ledger - Tools - Report Painter - Report Writer - Report Group - Display
    T code GR53, GR55
    Enter the report group you want for b/s and p/l statement and choose execute and give the report group again and choose execute.
    After that give the year, period from to, company code, fiscal year, ledger and plan version 01 and choose execute
    Choose in front of the item Production Variances. The system displays the account to which the line items were posted. Material consumption is posted to account OEM Products Consumed.
    To call up detailed data, double-click on account
    In the dialog box, choose Actual Line Items for Table GLFUNCT, and then choose
    To display the original document, simply double-click on it to call up the detailed data. In this case, the original document is a Materials Management document.
    You document is listed under the FI-SL document number that you noted in the step Display Goods Issue Document. Select the Doc. info tab and simulate .
    Select one of the items relevant for material consumption by double-clicking it. This should be item 002, 004, or 006.
    Choose enter go back and cost of sales appear now switch to your first session.
    kind regards
    Arman
    sap fico

  • PCA Financial Statement (Profit/Loss Account and Balance Sheet)

    Hi Experts,
    I have the following question on preparing PCA Financial Statement (Profit/Loss Account and Balance Sheet), ECC6.0, with document splitting features.
    Let say I started my business with the following GL accounts:
    Bank A, USD6,000
    Bank B, USD4,000
    Capital, USD10,000
    My company does have 2 departments (cost centers), and the above Balance Sheet GLs, cannot be identified / separated in the cost centers level. My cost centers to profit centers is one-to-one, which are cost center A = profit center A, and cost center B = profit center B
    I have  Sales to customer of USD12,000, and Receipts from customer is USD7,000 at Bank B, therefore (customer balance is USD5,000).
    I have also expenses:
    Expense A: USD1,000 (cost center A)
    Expense B: USD800 (cost center B)
    Double entry for expense is Dr Expense, Credit Vendor.
    I paid 50% of each of the expenses using Bank A, which are: expense A, paid: USD500; expense B, paid: USD400
    My Financial statement without profit center should be as follows:
    P/L Account:
    Sales, USD12,000
    Expenses, USD1,800
    Profit: USD10200
    Balance Sheet:
    Bank A: USD5,100
    Bank B: USD11,000
    Customer: USD5,000
    Vendor: USD900
    Profit: USD10,200
    Capital: USD10,000
    Question:
    How can I report the above financial statement into PCA level, which are Profit center A and Profit center B?
    Note: I can't hardly separate Bank account, Sales (revenue) into Profit center level (Assuming I am only using FICO module, No SD/MM Module).
    I can't use FAGL3KEH to differentiate the Bank Account.
    During data entry for revenue, I can't have valid reason the revenue belongs to which profit center.
    Kindly advise on is there any way (with logical reason) to make financial statement into profit center level.
    THANKS IN ADVANCE.
    Sbmel.

    Basically You/Business need to Identify the need for Profit center wise Balancesheet is required or not? If Balance sheet at Profit center level is required then whether they have to decide whether can seggeregate every account balance to a profit center is possible or not? In other words on a cut over date you should have a Profit center wise Trail balance in place. Once it is in place rest all is possible.
    What I can understand from your question is how to identify Gl balances against profit centers foor balance sheet Items. If it is not possible then you can create a corporate profit center and post all transactions to that profit center.
    When comes to cash / Bank/Customer/vendor balances the system Identifies the item belongs to whihc profit center and in case cross profit cneter transactions are involved the system uses the "ZERO BALANCE CLEARING" account as an intermediate account for posting the data. By this one profit center will be Dr. and other will be in Cr as far as ZERO BALANCE ACCOUNT" is concerned and at company code level this GL balance is always ZERO.

  • Balance Sheet and Profit Loss Account for Statutory Reporting

    Hi,
    For a company which is based in Vietnam, it is required that Balance Sheet and Profit Loss Account is reported in the Local Language Vietnamese.
    Is it possible to make such setting using the Country Specific Chart of Accounts ?
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    Hi,
    This answer is Yes, it is possible.
    Kind regards,
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  • Purchasing value & balance **** account & Profit & loss account tally

    Dear sir
    please help me that my queries are that purchasing value, consumption value should be matched with balance **** account & profit & loss account, if not matched how amount differe , i need T ocde for using  price difference account
    I need Report T code that i will be able to tally MM entry & FI entry
    Regards
    PARESH

    Hi
    Stock account currency shows the inventory GL account balance which will be maininted by FI persons: It is same as material currency if there are no adjustments.
    Ex: When you are doing GR for 10 quantity @ 10rs,
    then your material currency will show 100 and stock account will show 100, variance will be zero.
    Material value will be updated with quantity and value in same stock account, but it is dependent on material movements always.
    If you post a FI journal for 10rs in inventory account then entries will be as follows:
    Material currency 100 stock currency 110  variance 10. Without any material movements material account currency will not be changed but through external postings we can change GL account balance.
    Thanks

  • Default Profit center for balance sheet account

    Dear All
    I've problem when i display accounting document in billing, there is no profit center information in GL account VAT,since document spliting is not activated,so I maintain default profit center for balance sheet account (3KEH),.
    can anybody tell me why this problem raised? where that i have missed the configuration?
    Thanks And Regards
    Adit

    Hi Vijay,
    Good day!
    I would like to seek your advice regarding the default profit center for Balance Sheet Account:
    We have this issue that BS account defualted to a certain profit center: I have done several testings but still cannot find why the BS account defaulted to the profit center
    1. I have checked the FAGLBK3EH and the BS account in which PC defaulted is not maintained in this tcode.
    2. also check the OBBH and the document does not contain any cost object wherein a profit center can be derived. also checked  substitution, either both of this code does not defines the profit center im searching for.
    Can you please advice some directions where to check and why certain profit center defaulted to balance sheet account.
    Your advice is greatly appreciated.
    Janice

  • Assignment of Default profit center to Balance sheet Account

    Hi Gurus,
    Is it possible to assign default profit center to balance sheet accout  code ?. If it is possible how to do?
    Many thanks,
    Panneer

    Transaction code: 3KEH
    1. Define account(s)
    2. Next, click on PrCtr Determination
    3. Then, under Maintain Entries,  click on Rule Values and complete the settings here.
    Elias
    Edited by: Elias Akorli on Dec 7, 2009 3:49 PM

  • Project wise Profit & Loss account.

    Dear All,
    Our sales are routed through WBS Element and cost is booked against Cost Center.  Our Management wants to see project wise Profit & Loss account.  Any suggestions on deriving this??
    Regards,
    Mike.

    Hi,
    You can acheive this through Profitability Analysis by assigning WBS elements as one of the Characteristics,
    since there could be more than one wbs element in a particular profit center.
    Point 1:- WBS element profit or loss can be interpreted only when it has booked the cost as well as revenue in the same period
    Point 2:- IF any thing for which cost or revenue alone is booked then that should not be considered as loss or gain.
    Point 3 Profit center wise Balance sheet is possible where as WBS element is a part of profit center.
    regards
    N.Kumar

  • Monthly Profit & Loss Account

    Hi Guru's,
    I have executed Balance sheet & Profit  & Loss Month wise in F.01, but in that report Retained earnings value is not flowing, Do i need to update balance carry forward balance for every month (FAGLGVTR - Balance Carryforward ). please advice me.
    << Please do not offer points >>
    Thanks
    Sivanand K.P
    Edited by: Rob Burbank on Sep 7, 2010 12:28 PM

    Hi,
    The difference between Source of Funds & Application of Fund is Profit & Loss Account (Retained Earnings Account) and that is correct.
    If you sum up all your P&L accounts, the fugire will be same as this difference.
    FAGLGVTR carry forward the balance to the next fiscal year and not to the next period, so it has to be run only at year end and not month end.
    During the year, all the P&L account will remain in the same account and thus shown as a difference in Source of Funds & Application of Fund. Only at year end, P&L accounts gets transferred to retained earning account.
    Regards,
    Gaurav

  • Profit & Loss account Statement Transaction Code

    Is there any separate report T code for Profit & Loss account Statement .
    Moderator: Please, avoid asking basic questions

    New GL- S_PL0_86000028
    classic gl - F.01
    and some other imp tcode for trial balance, balance sheet as follows
    Balance sheet and P/L Account
    S_ALR_87012249 - Actual/Actual Comparison for Year
    S_ALR_87012250 - Half-Year Actual/Actual Comparison
    GL account balances
    S_ALR_87012279 - Structured Account Balances
    T-Code S_ALR_87012277 (Pgm RFSSLD00)
    T-Code S_ALR_87012301 (Pgm RFSUSA00)
    And Try below reports also, which will be usefull to you in GL, AR, and AP.
    F.97, F.98, and F.99.
    Hope this will help you.

  • Currency Valuation G/L Account Balance Sheet Posting F.05

    Hi all,
    Is there a way to post the Currency Valuation F.05 for G/L account balance sheet posting to another account than itself.
    I cannot find any configuration on that, and a trace look to show that it goes back to SKA1,
    SKAT & SKB1.
    Open item have configuration in OBA1 and we can fix the posting where we want.
    But the currency valuation for the account balance always happen to the same account.
    Thank you,
    Carole

    Bal.sheet adj.1 in OBA1 is for that only. The GL account is for Identifying that this is FC account in case of Valuation Loss/ Gain.
    Incase of realized loss or gain, it is the same GL account that has to hit in the local currency.

  • Report S_ALR_87013336 - Profit Center Group: Balance Sheet

    Hello All
    As an output of this report (S_ALR_87013336 - Profit Center Group: Balance Sheet ) I expect :-
    1. B/S recon accounts which has received PC assignment from 1KEK.
    2. Other B/S accounts (Inventory etc) which received PC assignment while normal goods movement FI posting.
    I am getting the part 1 but not part 2 . I have tried running it with specific account number for Inventory as well but it doesnt come up. Please help
    Also it is showing in the output even the Expense account linked to PC . Not sure if there is check in the report itself to only pick B/S accounts. I know this can be worked around by creating Account Groups but want to know the nature of this report.
    Best Regards

    Hello Ajay
    Nice question and honestly i crossed that as well before, BSEG has separate number of entries for Company code for different profit centre.
    So I have many profit centres on which posting has happened.
    Is it some thing to do with we being on ECC platform and not used NEW GL ? Does SAP reports on this field only when NEW GL is activated ?
    Because not just this report but other GL line item report (S_ALR_87012282 - G/L Line Items, List for Printing ) also shows same balance with / without profit centre.
    What I am planning to do is to copy FSV to PCA account group using KE5B and then run all 1KE* transaction + use PCA report for example (S_ALR_87013326: Profit Center Group: Plan/Actual/Variance) ?Hope it will work , your opinion on this.
    Best Regards

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