Interested to Buy Any Domain ? << Click Here >> for more details...
8. why the debit balane of p&l a/c shows in asset side of
balancesheet
- 2 Answers
- 11531 Views
- ADP, Capital IQ, SED, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 11 Yes | 1 No |
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.
| Is This Answer Correct ? | 6 Yes | 1 No |
1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co gave 10% discount. give journal entries in the books of ABC Ltd and XYZ Ltd. 2) Goods bought for Rs.400000. While transporting goods destroyed. Insurance co agreed to pay 75%. post journal entries.
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
what is the formula for profitable index
What is tds and how it is calculated?
correction of sundry creotors
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
if we have received the bill of telephone and electricity for the period 16th march to 15 april ,what will be the entry for the year ended 31st march '10?will there be any provision entry for this
What is the unique thing about employees that employers expect to see at an interview.?
How to transefer data from tally 9.0 to excel to do simuntennis
How can you explain the basic accounting equation?
In accounting equation what is the treatment of investment in shares??
how will decide that vender payment is ok without reco
Audit 
