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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 / manik
pehli baat tum sab ek number ke paagal ho....... dusri baat it is shown on asset side because dr balance implies loss and not profit!!!!!!!!!! and when loss is incurred the owners become liable to pay to the company due to different entity concept i.e owner is different from company.
thank you all
and i m sure that im right
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