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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 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.
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