Topic: Profit and Loss Statement
I am Running FA 2.4.3 Build 9.11.2017.
I closed year 2017 (1.1.2017 to 31.12.2017) and I made a loss. So my account 9990 shows -160,000 ( a loss). When I print the Profit and loss report account 9990 is added to the General and Administrative Expenses as a negative amount and the Total is showing negative General and Admin Expenses, i.e is deducted form the expenses account . My question is if I made a loss will that not just add to my expenses for that year?
Appreciate your guidance.