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why we have to post loss on assets side
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Answer / binoy
Profit is what we owe to the shareholders or owners so it
becomes the liability of the company thats why it is shown
on the liability side.
Loss is what we own, the shareholders or owners has to
compensate the loss so for this reason loss becomes the
asset and thus is poested to asset side
| Is This Answer Correct ? | 12 Yes | 1 No |
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