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 profit and loss account debit balance appeare in the asset side of balance sheet?

Answer Posted / saket mehta

It represent the profit of the company.

Is This Answer Correct ?    4 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is t code of all expences general legder?

2088


What all are the documents need to check for a supplier payment?

1562


contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2614


Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?

2118


all ques. related to accounts?

2117


Can you differentiate public and private accounting?

1180


sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?

1902


Explain what is balance sheet?

1021


what is revenue recognition rule, and can you specify the answer.

1693


What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

2070


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3852


Who is considered the father of accounting?

1147


what is the last date of deposit TDS on liability for the assessment year 2010-11

2002


Explain me have you ever heard about tds, what it is?

1052


Tell me deferred taxation is a part of which equity?

962