Where is Profit and Loss posted in a balance sheet?
Answer Posted / shashi
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 ? | 7 Yes | 1 No |
Post New Answer View All Answers
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
what is basic general accounting.
What is a business transaction in accounting?
What is Statory Books ?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
Why did you choose the a-levels you did?
can we change date in tally.erp s/w in educational mode ?
Do you think there is any difference between inactive and dormant accounts?
Explain me the difference between public and private accounting?
The main financial accounting statements?
under which accounting rule prepaid salary?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?