THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
Answer Posted / mahindra timsina
The Debit Balance of the P/L A/c simply means excess of
Expenses over Income. When the expenses are more that
income, that gives Loss.
Loss is a claim revoverable by the business from the
shareholders, which means it is asset of the business and
will come in the Asset side of Balance Sheet.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
barwaha
Short Answer on ________Accounts Payables
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
What is the process of VAT & CST Registration?
Short Answer on _____________Accident Insurance
describe the most complex challenge that you have faced and how you managed it
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
explain Dual entry concept
Accounting related interview questions on ibm
---------is the main or principle book of accounts
what are responsibilities of an accountant in a company?
What will be the consequences if the partnership is not registered
What do you mean by Green-shoe option?
How is the expenditure of developing a modified product treated?
When is a dedit note raised When is an expense booked