Question:
Why In the trial balance, there are different balances on the Profit/Loss account (red/black values)?
Answer:
The redness in the balance sheet for the P/L account is not a methodological error:
If the account type is Cr - a credit balance is formed (profit in black, loss in red with a minus),
If the account type is Dr - the amount is formed by the debit balance (loss in black, profit with a minus in red),
If the account has the Dr/Cr setting - the amount will be formed either by Debit or by Credit (black) depending on the result.
If you are confused by the red color amounts in the Trial Balance , you can change the account type to Dr/Cr for 8010000 Profit/Loss account
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