THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
Answer Posted / amrita
The Debit balance of P&L a/c means in profit & Loss a/c
Debitside i.e. expense side is heavier so its loss and
obviously, it would appear under asser side.
| Is This Answer Correct ? | 3 Yes | 2 No |
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