why the debit balane of p&l a/c shows in asset side of
balancesheet
Answer Posted / bharadwaj
P&L debit balance means loss.
Why loss shown on assets side???
Ans always will be write off in future which means future
profit retained with company in the name of write off.
unless write off the profit is to be given to share holder,
as the profit is not given to share holders and retained n
future profits, P&l debit balance is treated as Asset
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the procedure of interview question in genpact
what is the difference between sap and sas?
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
• What are the types of cash flows?
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
Short Answer on __________written Down value
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
DESCIBE EXPORT PROCEDURE
What is the Finalization of Accounts?
please send me some previous sbi clerical interview questions to my email id....
differnce between the 4.7 & 6.0 versions?
What is the difference between reserve and provision.
who introduces the single entry format?
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above