8. why the debit balane of p&l a/c shows in asset side of
balancesheet
Answers were Sorted based on User's Feedback
Answer / madhulika2011
Debit balance of Profit and Loss a/c shows in assets side of balance sheet. It is a type of Fictitious asset. These assets are not represented by tangible possession or property.
Is This Answer Correct ? | 11 Yes | 1 No |
Answer / nilesh thakkar
As per Revised Schedule VI, it is no more shown on the Asset
Side of Balance Sheet but on the Liability Side, it is shown
under the head Reserves & Surplus. If the final figure is
negative still it is shown that way.
Is This Answer Correct ? | 6 Yes | 1 No |
Name three (3) fixed-income security data points, which are different from those provided for equity securities
we are selling a device for 6000 and the company want to replace that device with a new device which is a bit more than the prior price say 7000. how we can account this?
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
what is cash to cash transaction in tally while entering contra voucher
Explain the Steps to transfer the data from AP to GL
Which kind of transactions are not recorded in the books of account?
definition of debenture ?
Role-specific management accountant job interview questions:
tell me the best way to minimize the cost of a company?
What is GR form ? what its use please give me a details of GR ?
salary and rent entry with tds deduct
0 Answers Matrix Adhesive Incorporation,
i purchase a printer which expenses it comes my shop is medicines purchase and selling