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...

why the debit balane of p&l a/c shows in asset side of
balancesheet

Answer Posted / mahak

Because all assets contain Debit balances as per the
REAL RULE OF ACCOUNTING:

WAT COMES IN IS DEBIT
WAT GOES OUT IS CREDIT

Is This Answer Correct ?    48 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

2015


what is budgetory control and what are the types

2375


Expand DEHM

1892


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1846


what is contigent liabilities? whats it status in balance sheet?

2170


EXPAND_________SEAMEC

1973


What is the journal entry for Call and a Put option both in the books of buyer and seller

9817


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2877


What is the Formula For Return on Working Capital

2144


What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

2270


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1880


i have need full detail of tds rules and forms submitted dovetails

1981


i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

2299


What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

2418


what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

1956