THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
Answer Posted / anil karayil
The Debit Balance of the P&L A/c Means the firm has made a
Net Loss. This balance can be shown In the Asset Side of
the balance sheet under the head Revenue Expenditure or can
be shown in the liability side Deducting from Reserves and
Surplus.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
please provide wct retun guide line how can prepaire that
how to mention last year profit of ay private limited company in current year balance sheet ?
define drawer or maker
EXPAND___________LNG
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
what is the process of excise duty?
What is Risk Assessment?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
what is Accounting Standers?
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
What are the Types of invoices batching? & what is 3 way batch?
explain about mergers & aquisitions? asked on 30/7/09
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
difference between office expense and miscelleanous expense with some examples