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 (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
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 ?    70 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 ?    41 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 ?    14 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 ?    8 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 ?    4 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 ?    13 Yes 49 No
Guest
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya   2
What is the meaning of Trial Balance.   3
what is mean by paidup capital.?   1
what is accrual concept? Genpact 7
what is the defination of capital income? Genpact 8
vat will be charged on any type of transportation ?   1
Can we transfer balance on gl a/c to another Gl a/c if what is the process steps and tr code? TCS 1
X is multiplied with 10 or divide with 10 then he will get 100. then x=?. (Praveen MBA)   3
how to show provident fun in balance sheet Genpact 4
Balance Sheet Chartered-Accountant 1
i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries   3
What will be the journal entry in the case of Debit Memo and Credit Memo?   2
 
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