THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
Answer Posted / padmakar
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.
Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
Short Answer on __________written Down value
Expand MNS
which are the basic princeples of accountancy... with examples
what do you mean indirect expanse in trading business?
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
Is commodities transaction tax a permissible business expenditure? Explain
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
What are the major responsibility's of an accountant? what are the qualities he /she requires?
In sales what rule applicable
Which Exchange determine Foreign ?
WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS
why gross profit transfering to profit & loss account