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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / sai bhaskar reddy.bandi
the debit balnce of profit&loss account indicates net
loss , hence it can be shown at assets side of balance
sheet under miscellaneous expenses.
| Is This Answer Correct ? | 14 Yes | 2 No |
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