In p&l account where does miscellaneous expenses comes
Answer Posted / nitu mohatta
Misc expenses comes in assest side this is because they
needs to be wriiten off from p n l account on year to year
basis.
Explanation:
if there debit balance in P/L account due to misc expenses
then assest side will show pnl debit balance which can be
replaced by misc. expenses and then on yer to year basis it
will be wriiten off fron pnl a/c.
Thanks
| Is This Answer Correct ? | 24 Yes | 5 No |
Post New Answer View All Answers
What do you think you do well?
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
what are the difference between banking institutions and financial institutions?
Short Answer on ________Accounts Payables
INTE3RNATIONAL ACCOUNTING STD
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
What are Mortgage Payment Problems?
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
business sepsarate entity concepts
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
In case of new admission of partner what will be the adjustment for the sharing ratios
Expand-------BANT
how standard costing techniques are applied in manufacturing sectors
Expand---------DEP