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What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?
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Answer / vimal
Debit Balance in trial balance is nothing but Loss for a company
| Is This Answer Correct ? | 32 Yes | 9 No |
Answer / h.r. sreepada bhagi
Debit balance in the Profit & Loss A/c appearing in the
Trial Balance is the Loss brought forward from the previous
accounting period. This amount should have appeared in the
Balance Sheet at the end of the immediate preceding
accounting year.
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / monu aggarwal b.com accountant
If profit n loss a/c shows debit balance in Trial
Balance,its mean is that there is a loss in that perticular
Year.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / debasis misra
The prafit &loss a/cinshow in is a dispaly of positao of
comany.
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / jack
Trial Balance is just a statement, and not an account.From
Trial blance debit balance is not showing to P&L A/C.
| Is This Answer Correct ? | 2 Yes | 6 No |
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