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Closing Stock amount in Profit & Loss Report is not the same as Periodic Stock Value amount Print

Modified on: Thu, 27 Jul, 2023 at 5:20 PM

Question:

Why is the closing stock amount in Profit & Loss Statement as at 16/07/2023 is not the same as amount maintained in Periodic Stock Value Jul’2023?

Possible Reason:

This account book has enabled ‘Use live stock balance in all financial reports’.

Solution:

1) To change the setting, go to Account Book Setting > Settings.

2) Under General > Application Settings, uncheck “Use live stock balance in all financial reports” and click on Save.

3) Now, you can inquiry again the Profit & Loss Statement and it should be same with the amount maintained in Periodic Stock Value.

By: Rotcana 230710, Lay Swan 230718, P230721

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