Interested to Buy Any Domain ? << Click Here >> for more details...
THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
- 59 Answers
- 89543 Views
- Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS, I also Faced
- E-Mail Answers
Answer Posted / manish.p
The debit balance in P&L A/c represents Loss which is shown
om the asset side of Balance Sheet as a separate line item
as per the requirements of Schedule VI of Companies
Act,1956.This is because it is a fictitious asset.However
if the company has adequate surplus then it should be set-
off against it and only the net balance of Reserves shown
on Liabilities side.
| Is This Answer Correct ? | 72 Yes | 14 No |
Post New Answer View All Answers
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
EXPAND_________SEAMEC
How do we return the loan in equal installments with interest in tally
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Expand MNS
How many types we are received funds in business purpose
different between acconting and elective mathematics
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
what are the questions commomly asked in reuter's interview.?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
