THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET

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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET

Question Posted / laxman

59 Answers
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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / neeraj sharma

the debit balance of the profit & loss a/c shows net
profit, it show in the liabilities side ot the balance
sheet under the reserve & surplus.

Is This Answer Correct ?

12 Yes

12 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / pote naik

we will be shown on the liability side of the balance
sheet.we will deduct from share capital.

Is This Answer Correct ?

4 Yes

4 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / satyaki_raju@yahoo.com

Suman kanti Dutta. You have no clarity in your answer. You
are recomending both assets and liabilties side at a
time.pl be careful while answering. If you have no clarity
in your answer refer any book or others answers.

Is This Answer Correct ?

0 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / sateesh in sreekakulam a.p

it is debit balance of p&l A/C is called net profit.so it
must dedicated from capital in liability side of balance
sheet .

Is This Answer Correct ?

1 Yes

1 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / rekha

The debit balance of the profit and loss account becomes
the netprofit.So we have to add the net profit to the
capital in liabilities side of the Balance sheet.

Is This Answer Correct ?

1 Yes

1 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / k.srikanth

Hi,
it comes in Liabilities side which is added to
the reserves and surplus. The debit balance in
p&l a/c being netprofit,The debit balance of P&L a/c i.e.,
netprofit comes to balance sheet added to the reserves.
If it is coming the Net Loss in p&L a/c where as Balance
sheet is shown as deduct to capital in liabilities side.

Is This Answer Correct ?

1 Yes

1 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / nagavali

sure it on assets side of balance sheet.

Is This Answer Correct ?

0 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / e.ramesh

the debit balance of p&l a/c is shown under liabilities,less to the capital,as net loss

Is This Answer Correct ?

1 Yes

1 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / ammar yasir

It is a liability for the firm and is shown in the liabilities side. and it is profit for the firm.

Is This Answer Correct ?

0 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / vasu borada

the debit balance of the P&L a/c being netprofit so it must be transferred to the capital a/c in balance sheet where we find capital on liabilities side right so it must shown in liabilities column of the B/S.

Is This Answer Correct ?

0 Yes

0 No