Answer / madhulika2011

Debit balance of Profit and Loss a/c shows in assets side of balance sheet. It is a type of Fictitious asset. These assets are not represented by tangible possession or property.

Answer / nilesh thakkar

As per Revised Schedule VI, it is no more shown on the Asset
Side of Balance Sheet but on the Liability Side, it is shown
under the head Reserves & Surplus. If the final figure is
negative still it is shown that way.

15 methods of depreciation and its examples

2 Answers   IBM,

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Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

0 Answers  

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what is vendor setup?why it is required in accounts payable process?

1 Answers   Cap Gemini,

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what is the relation of accounting subject with other subjects like economics commerce and statistics?

1 Answers   TATA,

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What is the use of form D in sale tax

0 Answers  

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We can Show Director Exp. in Limited Compay,

1 Answers   ABC, Texmo,

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Futures

2 Answers   Bank Of America,

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what is the difference between "reserve" and "fund"

1 Answers  

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Calculation of Gross Profit Or Gross Loss give example?

2 Answers   EDS,

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why journal entry are necessary

2 Answers  

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How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries

0 Answers  

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what z diff between depreciation and amalgamation?

5 Answers  

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