I have enabled Income and Expenditure feature in F11, but Balance Sheet continues to show Profit and Loss A/C instead of Income and Expenditure. How can I change the name in Balance Sheet also?
Even though you have enabled the option to display Income/Expense Statement instead of P & L in F11: Accounting Features still Balance Sheet shows Profit & Loss A/c as per the actual ledger name.
You need to rename the Profit & Loss A/c ledger to Income and Expenditure to reflect the same in Balance Sheet.
Balance Sheet without renaming the Profit & Loss A/c Ledger is displayed as shown: