Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Where is Profit and Loss posted in a balance sheet?

Answer Posted / guest

if loss has occur in business so it show in liabilities side
of balance sheet but if profit has occurred so it will show in
asset side of balance sheet.

Is This Answer Correct ?    19 Yes 57 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain which accounting application you prefer most and why?

1012


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1594


What action could be taken by you and your manager to improve your performance in your current position?

13688


What do you debit and credit if discount allowed is underrated?

1426


Explain what is balance sheet?

1105


Define "book value" as applied to accounting

1080


What information is included in a bill for services?

1025


Why we debit expenses and credit incomes ?

1805


Explain me by saying, perpetual or periodic inventory system; what do we mean?

1156


What is tally and its features?

1218


"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1836


What Is Differ tax,

2120


paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.

1740


Define depreciation and its types?

1117


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

2054