diff --git a/erpnext/accounts/report/financial_statements.py b/erpnext/accounts/report/financial_statements.py
index 7355c4b..004a929 100644
--- a/erpnext/accounts/report/financial_statements.py
+++ b/erpnext/accounts/report/financial_statements.py
@@ -211,7 +211,13 @@
 		ignore_accumulated_values_for_fy,
 	)
 	accumulate_values_into_parents(accounts, accounts_by_name, period_list)
-	out = prepare_data(accounts, balance_must_be, period_list, company_currency)
+	out = prepare_data(
+		accounts,
+		balance_must_be,
+		period_list,
+		company_currency,
+		accumulated_values=filters.accumulated_values,
+	)
 	out = filter_out_zero_value_rows(out, parent_children_map)
 
 	if out and total:
@@ -270,7 +276,7 @@
 			) + d.get("opening_balance", 0.0)
 
 
-def prepare_data(accounts, balance_must_be, period_list, company_currency):
+def prepare_data(accounts, balance_must_be, period_list, company_currency, accumulated_values):
 	data = []
 	year_start_date = period_list[0]["year_start_date"].strftime("%Y-%m-%d")
 	year_end_date = period_list[-1]["year_end_date"].strftime("%Y-%m-%d")
@@ -310,8 +316,14 @@
 				has_value = True
 				total += flt(row[period.key])
 
-		row["has_value"] = has_value
-		row["total"] = total
+		if accumulated_values:
+			# when 'accumulated_values' is enabled, periods have running balance.
+			# so, last period will have the net amount.
+			row["has_value"] = has_value
+			row["total"] = flt(d.get(period_list[-1].key, 0.0), 3)
+		else:
+			row["has_value"] = has_value
+			row["total"] = total
 		data.append(row)
 
 	return data
diff --git a/erpnext/accounts/report/profit_and_loss_statement/profit_and_loss_statement.py b/erpnext/accounts/report/profit_and_loss_statement/profit_and_loss_statement.py
index 6635335..0b7ce51 100644
--- a/erpnext/accounts/report/profit_and_loss_statement/profit_and_loss_statement.py
+++ b/erpnext/accounts/report/profit_and_loss_statement/profit_and_loss_statement.py
@@ -82,14 +82,25 @@
 	if filters.get("accumulated_in_group_company"):
 		period_list = get_filtered_list_for_consolidated_report(filters, period_list)
 
-	for period in period_list:
-		key = period if consolidated else period.key
+	if filters.accumulated_values:
+		# when 'accumulated_values' is enabled, periods have running balance.
+		# so, last period will have the net amount.
+		key = period_list[-1].key
 		if income:
-			net_income += income[-2].get(key)
+			net_income = income[-2].get(key)
 		if expense:
-			net_expense += expense[-2].get(key)
+			net_expense = expense[-2].get(key)
 		if net_profit_loss:
-			net_profit += net_profit_loss.get(key)
+			net_profit = net_profit_loss.get(key)
+	else:
+		for period in period_list:
+			key = period if consolidated else period.key
+			if income:
+				net_income += income[-2].get(key)
+			if expense:
+				net_expense += expense[-2].get(key)
+			if net_profit_loss:
+				net_profit += net_profit_loss.get(key)
 
 	if len(period_list) == 1 and periodicity == "Yearly":
 		profit_label = _("Profit This Year")