Profit & Loss Account Shows Different Value Than Profit & Loss Report | Profit and Loss Account showing 0

Created by Book Keeper Team, Modified on Tue, 22 Jul at 12:48 PM by Book Keeper Team

If you go to All Accounts, it shows Profit & Loss account but values in this account will be reflected only if you have transferred some profit to capital or withdrawn some profit etc.

It doesn't show the actual/current profit of the company.

If you wish to see the actual profit of the company, go to Reports > Profit & Loss report.

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