What does mean is Profit & Loss Account Shows Debit Balance in Trail Balan

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What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?

Question Posted / seelujangra

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What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

Answer / srinivasa

Debit balance nothing but it is a profit

Is This Answer Correct ?

47 Yes

22 No

What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

Answer / vimal

Debit Balance in trial balance is nothing but Loss for a company

Is This Answer Correct ?

32 Yes

9 No

What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

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

What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

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

What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

Answer / debasis misra

The prafit &loss a/cinshow in is a dispaly of positao of
comany.

Is This Answer Correct ?

1 Yes

4 No

What does mean is Profit & Loss Account Shows Debit Balance in Trail Balance ?..

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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