why profit and loss account debit balance appeare in the asset side of balance sheet?
Answer Posted / siddu
profit is source of fund and loss is application of fund. therefore, we should shown loss on asset side of Balance sheet
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
what do you mean by Firm
I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this.
Wipro Limited
Dear candidate
Your Resume has been selected by ( Wipro Limited). I have attached your
Interview Process letter with this email. Kindly see the attached file.
Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm,
Company Website – www.wipro.com
Note - And more details you send a email Company
Email Add – career@wiprolimited.in
Best Of Luck
For More Details Please Click Here
Wipro Limited What is Debit Note and Credit Note? Subsidory Books? Minority
Interest? Stock recording in P&L? Outstanding Expenses,
Prepaid Expenses and Examples? What are the advantages & disadvantages of double entry system? If the company acquires equipment prior to incorporation what are the accounting entries? what is account reconcillation Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai? Tell me what is the master account? Spinoff,Spelloff Explain what is bad debt expense? Explain me the term material facts in accounting? How to pass an general entry for materials which are stored in
warehouses?????? Do you have any idea about gst? what is the minimum & maximum amount paid by company per day Define trade bills?