Where is Profit and Loss posted in a balance sheet?

Answer Posted / sunil singh

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 ?    21 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

1469


Tell me different branches of accounting?

641


shares convert into share capital what is the journal entry? how many ledgers need to create?

1600


What is the disadvantage of double entry system?

636


What is account receivable?

651






Tell us how can you define departmental accounting?

598


What is the basic accounting equation?

598


sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

2883


sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

911


X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

2834


What is tds and how it is calculated?

616


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

1573


What are the different branches of accounting?

619


What is icai?

702


When Tds is applicable to deduct and wht is rate for different work panel?

1484