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Cash & P & L Details

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Cash Ledger Profit and Loss Ledger
The cash ledger is grouped under cash-in-hand. The profit and loss account ledger is grouped under primary.
You can enter the opening balance as on the day the books begin. The previous year’s profit or loss is entered as opening balance of the ledger. The balance entered is the opening profit/loss. It is shown in the balance sheet as opening of the profit and loss account in the liabilities.
This ledger can be altered and deleted. This ledger can not be deleted but it can be modified.

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