ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
Where is Profit and Loss posted in a balance sheet?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
IF PROFIT THEN SHOW LIABILITIES SIDE AND IF LOSS THEN SHOW
ASSETS SIDE.
 
Is This Answer Correct ?    73 Yes 16 No
Kiran
 
Answer
# 2
If there is net profit then it is added back to the capital on
liability side and if loss it will be deducted.
 
Is This Answer Correct ?    42 Yes 2 No
Sadiq
 
 
 
Answer
# 3
If profit then we show liability side if loss then we show
the assets side.
 
Is This Answer Correct ?    15 Yes 2 No
Bharat
 
Answer
# 4
because capital is shown in liability side in balance sheet and if their is net profit it is added back in capital so it came on liability side of bl. 
Is This Answer Correct ?    9 Yes 3 No
Sunil Singh
 
Answer
# 5
if there is a profit it can added to the capital show on
liability side in p&l a/c and if loss then it can deduct on
capital show on asset side in p&l a/c.
 
Is This Answer Correct ?    5 Yes 0 No
Susheel Pandita
 
Answer
# 6
now under revised sch vi if profit then show it in liability
side and if loss then adjust it from reserve and surplus
 
Is This Answer Correct ?    2 Yes 1 No
Shashi
 
Answer
# 7
if loss has occur in business so it show in liabilities side
of balance sheet but if profit has occurred so it will show in
asset side of balance sheet.
 
Is This Answer Correct ?    15 Yes 49 No
Guest
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
ACCOUNTING CONCEPTS AND CONVENTIONS Bank-Of-America 4
Cash in hand-5000,Cash at bank-4000, Bill receivable- 3000,Bills payable-5000,Bank loan-6000.Calculate total liability of the firm? ACS 10
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?   2
What is meant by ERP SBI 3
what is the job profile for Account Manager.   1
The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this. Accenture 26
what is BRS? 12.Why is it used ?   14
Wages posted twice what is the entry for that?   2
what is deferred income & deferred revenue expenses   1
interest received comes under which head IBM 7
what are the entry for payment of city bank credit card through hdfc bank in tally 7.2 ?   2
What is the entry for provision of baddebts   4
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com