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

Answer Posted / vijayranga

Debit balance of P&L account will be shoen in the B?S at
the same column only as "Net loss",
by deducting from capital, if it is net profit addding to
the capital.

Is This Answer Correct ?    3 Yes 0 No



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