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Categories >> Accounting >> Accounting General


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Where is Profit and Loss posted in a balance sheet?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
# 1
Is This Answer Correct ?    70 Yes 16 No
# 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 ?    41 Yes 2 No
# 3
If profit then we show liability side if loss then we show
the assets side.
Is This Answer Correct ?    14 Yes 2 No
# 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 ?    8 Yes 3 No
Sunil Singh
# 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 ?    4 Yes 0 No
Susheel Pandita
# 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
# 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 ?    13 Yes 49 No

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