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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 / vinod
The debit balance of the P/L a/c all ways shows in the liabilities column of balance sheet..
it is added to the capital amount as a net profit...
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / srinivasa rao m
In P&L a/c if comes porfit or loss it should be added to
reserve and surplus(liabilites).
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bsatishkumarmba@gmail.com
p&l account dr balance shows liabilities side of balancesheet which added to capital
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sampath.chiluveru
the debit balance of the profit and loss account known as net loss.It is shown in liabilities side as well as assets side.Most of times this amount will be deducted from the capital account at liabilities side.Otherwise it will shomn on assets side also correct.
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Answer / husna
It is shown under Liabilties side of the balance sheet
under the head Capital
| Is This Answer Correct ? | 40 Yes | 41 No |
Answer / rekha
hey Swathi.The debit side of the p&l a/c is added to Net
capital in the liabilities side of the Balance sheet .It is
not added to the Reserves&Surplus.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / murali
it's shown on the laibilities side and add to the capital
| Is This Answer Correct ? | 0 Yes | 1 No |
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