Where will loss appear in Balance Sheet?
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Loss directly has no place in balance sheet.
It will appear in balance sheet only the accumulated balance
in profit & loss a/c is resulting in debit balance.
Then it will appear in right (assets) side under the group
of fictitious assets, below current assets group.
| Is This Answer Correct ? | 23 Yes | 6 No |
Answer / kiran kumar. r
if it is a sole proprietor concern then loss will appear in
balance sheet on liabilities side as deducted from capital
if it is a company balancesheet Assets side as P&L A/c Dr
balance.
| Is This Answer Correct ? | 16 Yes | 0 No |
Loss will appear in the Assets side of the Balance sheet under the last heading Miscellaneous Expenditure.
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Answer / shweta
assets side under the head miscellaneous expenditures
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