Answer / m.l.verma

All the Assets either fixed assets or current assets is only
shown in balence sheet not in profit & loss A/c.

Answer / madhukar

first bank a/c.is coming under current asset which is shown
in balance sheet asset side.
in case of profit & loss a/c. dr side of p&l are coming all
expencess of company or firms and cr side of pl all income
of company sales.

Answer / kannan

First of All , P/L A/c consists of Companies income and Expenses. Bank A/c is neither an expenses nor an Income, its like a lnvestment. so it should be shown in assets side of the balance sheet.

Answer / amit guleria

Bank may be either asset or liability(Overdrawn)& hence will be shown only in the Balance sheet.

what is profit & Loss Appropriation A/c. why it is prepered? what are its benefit for a company.

3 Answers  

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Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

0 Answers  

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plot registration charges will comes under what group in tally erp9?

1 Answers  

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One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

0 Answers  

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1. what is the general Percentage in india (%) of Deprication for Furniture, building Other Assests like Company Car, and COmputer and Airconditioner etc., Waiting for Answers

6 Answers  

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1.recivable and payble 2.pf,tds,esi

0 Answers  

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What is Compound Interest?

4 Answers  

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what do you mean by the word Purchase

3 Answers   Capital IQ,

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The trial balance cheks: 1)Arithmetical mistake 2)honesty of the book keeper 3) valuation of the closing stock 4) nature of the business

3 Answers  

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cost of normal waste of material under contact costing is debit to : 1)contract a/c 2) trading a/c 3) matrial a/c 4) profit and loss a/c

2 Answers  

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What is an accounting loss?

0 Answers  

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Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 5) If cheque is received from the tenant, journal entry=? 6) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.

1 Answers  

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