Interested to Buy Any Domain ? << Click Here >> for more details...
treatment of P&L A/c 's balance in trial balance and
balancesheet
- 2 Answers
- 11635 Views
- I also Faced
- E-Mail Answers
Answer Posted / ajay prathap
In Balance Sheet profit/Loss acquired from business is
transfered to reserves and surplus if previous years
reserves and surplus is not there and loss acquired during
current financial year shown as p&l (debit balance)in assets
side of balance sheet
Just like all other ledgers p&l a/c also shown in trial
balance if co earns profit the balance will shown in credit
side and viceversa
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
how to check which item is sold by the sundry debtors in tally?
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
How exchange rates are maintained in sap
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.
EXPAND___________NAA
Expand----------MTSC
Why we reconcile our debtors? what steps we taken during reconciliation.
please tell me questions asked in NICMAR for the post of accounts executive
While selling fertilisers can we charge VAT on excise duty.
what is debit/credit note ? what deffered income and expencess?
