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 / 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


Please Help Members By Posting Answers For Below Questions

when & how interest on unsecured loan is calculated?

1907


Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??

1615


Dillution effect on EPS

2430


In accounting, how do you define the premises?

1245


What Is Differ tax,

2091


Why have you applied to our firm?

1097


If the company acquires equipment prior to incorporation what are the accounting entries?

1600


How the Entry passed for Loss of Payment

2065


hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

2111


What are accounting entities?

1017


In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer

1869


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1985


Do you think there is any difference between inactive and dormant accounts?

1153


Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1861


How to make a vat entry in books including setoff?

986