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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer / satyaki_raju@yahoo.com
The credit balance of P& L means the excess of revenue
minus overheads.If so the balance will be placed under
Liabilities side.The question is Debit balance of P & L.It
is excess of overheads over revenue called as loss.It will
be placed under assets side
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / manoj
It is shown in the balance sheet of liabilities a/c. If it
is profit it is added to capital of liabilities and it loss
it is decucted from capital a/c.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vijay gawalkar
Always the Debit Balance of P&L A/c. Should be shown under
the Head "Reserve and Surplus" on the Liabilites side. For
more details you can check Schedule VI of Companies Act
1956.
| Is This Answer Correct ? | 30 Yes | 28 No |
Answer / s.sivaprasad.mba.,
Assets Side under Mislanious Expenditure, why because it is
a Loss.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / suman kanti dutta
Debit balance of profit & loss a/c means loss i.e excess of
expenditure over income. It should come assets side of the
balance sheet or in liabilities side it should be less from
capital A/C.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / manik
pehli baat tum sab ek number ke paagal ho....... dusri baat it is shown on asset side because dr balance implies loss and not profit!!!!!!!!!! and when loss is incurred the owners become liable to pay to the company due to different entity concept i.e owner is different from company.
thank you all
and i m sure that im right
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / prakash pratapram mauriya
The debit balance of the p&l A/C showes in liablities side
under the head of reserve and surpluses according to mumbai
university sylabus otherwise wye wrong interpritaion they
give to the students if debit balance of P&l A/C is
negative then it will be shown in the blance sheet of
assets side otherwise it will be deducted under the heads
of reserves and surpluses
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / crr
It is shown on the asset side of the balance sheet in case
of companies and deducted from partner's capital in firms
and prop. concerns. In partnership concerns, it can also
be shown on the asset side, if the current account of the
partners is sshowing debit balance.
CRR
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amrita
The Debit balance of P&L a/c means in profit & Loss a/c
Debitside i.e. expense side is heavier so its loss and
obviously, it would appear under asser side.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / subash.karvy
The debit balance of the P&L A/C is called net profit It shows an liability side of balance sheet & added to the capital(net profit is always Reserves)
| Is This Answer Correct ? | 2 Yes | 1 No |
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