Where will loss appear in Balance Sheet?
Answers were Sorted based on User's Feedback
Loss directly has no place in balance sheet.
It will appear in balance sheet only the accumulated balance
in profit & loss a/c is resulting in debit balance.
Then it will appear in right (assets) side under the group
of fictitious assets, below current assets group.
Is This Answer Correct ? | 23 Yes | 6 No |
Answer / kiran kumar. r
if it is a sole proprietor concern then loss will appear in
balance sheet on liabilities side as deducted from capital
if it is a company balancesheet Assets side as P&L A/c Dr
balance.
Is This Answer Correct ? | 16 Yes | 0 No |
Loss will appear in the Assets side of the Balance sheet under the last heading Miscellaneous Expenditure.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shweta
assets side under the head miscellaneous expenditures
Is This Answer Correct ? | 1 Yes | 2 No |
what do you mean Provision for bad debit
Three goals you wish to achieve in the next 5 years
how will rectify the error in trial balance.
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
Credit Limit enhanced the Bank 10Cr to 15 Cr How to post the entry in accounting books
what is demerger?
what is contingent liability
What are non performing assets in banking?
2 Answers Jammu and Kashmir Bank,
Do you know how many types of business transactions are there in accounting?
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
Which account is responsible for interest payable?
As you know any other accounting application?