why the debit balane of p&l a/c shows in asset side of
balancesheet
Answer Posted / faruk.id
P&L A/c debit balance means oever exp. on income , as per
nominal rule expenses is debit so it is recorded unsder
asset side in balance sheet
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
Why do you want to work for us?
to attend interview for real estate company accounts
what is the frienge benefits tax?what is usefull?
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
Expand-------ANC
let me know the meaning and Nature of cash
Short answer on Amalgamation
Clasify Loss
Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?
What do you mean by Adjustment
What is miscellaneous expense and when it is used
what is mean by provision ? give me examples ..
what is participation right is it a debt? or not?