THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / sampath.chiluveru
the debit balance of the profit and loss account known as net loss.It is shown in liabilities side as well as assets side.Most of times this amount will be deducted from the capital account at liabilities side.Otherwise it will shomn on assets side also correct.
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