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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 / 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.
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