why profit and loss account debit balance appeare in the asset side of balance sheet?
Answer Posted / prasad m deshmukh
because debit balance means profit.and it show in asset side
| Is This Answer Correct ? | 2 Yes | 15 No |
Post New Answer View All Answers
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
What is an interest rate swap
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
state (5) accounting concepts and give 1 example of each
Do you possess any knowledge about accounting standards?
What are the advantages of double entry system?
What knowledge should financial accountant have?
Please give me as example of service tax & Vat Posting through Tally.
What are the fictitious assets?
what is capital reserve
Explain a time when you have not met your goal?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
What are accounting rules called?