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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 / k.srikanth
Hi,
it comes in Liabilities side which is added to
the reserves and surplus. The debit balance in
p&l a/c being netprofit,The debit balance of P&L a/c i.e.,
netprofit comes to balance sheet added to the reserves.
If it is coming the Net Loss in p&L a/c where as Balance
sheet is shown as deduct to capital in liabilities side.
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