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why net profit shown liabilities side in balance sheet
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Answer Posted / nani
Company is an artificial human created by Owner. Company has
to pay this net profit to Owner or Equity share holders. So
it will be shown in balance sheet liabilities side.
Capital A/c XXXXX
+Net profit xxxx
-------
XXXXXX
--------
As per owner or Equity share holder it's an income.
| Is This Answer Correct ? | 24 Yes | 4 No |
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