Overview of Trading and Profit & Loss Account in Marg Software

Process to View Trading and Profit & Loss Account in Marg Software

OVERVIEW OF TRADING AND PROFIT & LOSS ACCOUNT IN MARG SOFTWARE

• Trading Account is an account that is been prepared by the entities to analyse and know the profit earned or loss suffered through trading activities.

• On the other hand, Profit & Loss account is an account created to ascertain the net profit or loss for a defined period.

PROCESS TO VIEW TRADING AND PROFIT & LOSS ACCOUNT IN MARG SOFTWARE 

• Go to Final Reports >> Profit & Loss.

• A 'Stock Valuation' window will appear with three options regarding updating Profit & Loss Stock:

a. No:- If the user doesn’t want to view the updated Trading and Profit & Loss Statement, select “No”.

b. Current Date:- If the user wants to view the Profit & Loss Statement of only the Current Date, select “Current Date”. 

c. All Days:- If the user wants to view the Profit & Loss Statement of all the Days, select “All Days”. 

Suppose select 'All Days'.

• A 'Stock Valuation' window will appear with the following options:
• a. Update Opening:- Select as per the requirement that if the user requires to update the opening or not.

Suppose select 'Yes'.

b. Valuation On:- Select the rate as per the requirement that at which rate the user requires to view the Profit and Loss statement.

Suppose, select 'Cost +Ext.'.

Then press 'Enter'.

• The user can view that the Profit and Loss Statement is displayed as per the defined settings.

• Press 'Alt+P'.

• A 'Print' window will appear.

• Select 'Trading & Profit & Loss A/C'.

• Then click on 'View/Print/Excel/Word/PDF' as per the requirement.

• Suppose click on 'View'.

After following the above steps, the Trading and Profit & Loss Account will get displayed.