assets side

Hey teja, it comes in Liabilities side which is added to 
the reserves and surplus. The logic that debit balance in 
p&l a/c being netprofit, hence in assets side is wrong.
The debit balance of P&L a/c i.e., netprofit comes to 
balance sheet added to the reserves.

It is shown under Liabilties side of the balance sheet 
under the head Capital

it is shown under liabilities side of the balance sheet as 
profit & loss a/c.

It is shown in liblities side.

Always the Debit Balance of P&L A/c. Should be shown under 
the Head "Reserve and Surplus" on the Liabilites side. For 
more details you can check Schedule VI of Companies Act 
1956.

the debit balance of p&l a/c is shown under liabilities,add 
to the capital.as net profit.

The debit balance of the P&L A/C is called always net 
profit. Its show in Balance sheet liabilities side, and 
also it is add to the capital account.

it is shown on liabailties side....

The debit balance in P&L A/c represents Loss which is shown 
om the asset side of Balance Sheet as a separate line item 
as per the requirements of Schedule VI of Companies 
Act,1956.This is because it is a fictitious asset.However 
if the company has adequate surplus then it should be set-
off against it and only the net balance of Reserves shown 
on Liabilities side.

The Debit balance of P&l comes in assets side of Balance 
sheet. Debit Balance means expenses over the incoes (i.e. 
loss).Loss is shown in Assets side of Balance sheet

As per the schedule VI the debit balance of P & L should be 
shown in the assets side

Debit balance in the p&la/c shows net loss i.e income is 
less than expenses,if it is a credit balance then it is 
profit.hence we usually subtract it from capitala/c

It is expenditure over than income because of it should be  
shown in assets side. Other wise that losse shoud be 
decrese from capital. Income over than expenditure it shoud 
be showne in reserve and surpless.

the right answer is debit balance of the p&l a/c is shown as
"ASSET" in the balance sheet.

the debit balance of the profit & loss a/c shows net 
profit, it show in the liabilities side ot the balance 
sheet under the reserve & surplus.

DEBITE BALANCE OF P&L A/C WILL BE 'NET LOSS' & HENCE IT 
WILL BE SHOWN ON ASSET SIDE OF BALANCESHEET UNDER THE HEAD 
MISCELLENEOUS EXPENDITURE.

THE DEBIT BALANCE OF THE P&L A/C IS  SHOWN IT CALLED AS THE
REVENUE EXPENDITURE AND THE SAME  WILL BE SHOWN IN THE 
ASSETS SIDE OF THE BALANCE SHEET IT WILL BE TREATED AS
REVENUE RECEIPT's.  so in this the debit balance of the p&l
a/c is shown in the balance shee that is in assets side.

                   
                                       MBA(FRESHER)2008
  THIS IS NOT MY OWN ANSWER THIS AS PER INDIAN GAAP EVERY 
ONE CAN SEARCH IT!

the  debit balnce of profit&loss account indicates net 
loss , hence it can be shown at assets side of balance 
sheet under miscellaneous expenses.

we will be shown on the liability side of the balance
sheet.we  will deduct from share capital.

it must be shown it the liability side of the balance sheet.

in the liabilities side:-  Show here the debit balance of 
profit and loss account carried forward after deduction of 
the uncommitted reserves, if any 
in the Assets side:- Other Reserves specifying the nature 
of each Reserve and the amount in respect thereof Less: 
Debit balance in profit and loss account  
(The debit balance in the Profit and Loss Account shall be 
shown as a deduction from the uncommitted reserves)

The Debit balance of the profit and loss A/C is the 
Netprofit.we show in the liability side of balance sheet. 
We will be added under capital A/c or reserves and surplus 
A/c.
P&L a/c Debit balance is Net profit.

Here the Debit balance of the P& L A/c means Loss. sO it is
shown on Assets Side of the Balance Sheet or the same is
deducted from the capital A/c

you people confused me 
debit balence of p&l ac should come in liability sideas it
is net profit.