Need clarification about the P&L Report.
P&L Report shows the Inventory-Cost for only those Inventory which are Sold for a specified period (Say May 2016)???
So in my case, my Sale Invoice of previous year (2014) is showing up in May 2016 P&L Report as Inventory Sale. Why is that so?
What was Sold in May 2016, only those Inventory Cost should show in P&L Report, right?
Is this the right way to read the P&L Report?