THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET

Categories >> Accounting >> Accounting AllOther
Suggest New Category

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET

Question Posted / laxman

59 Answers
73049 Views
Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / trupti

DEBITE BALANCE OF P&L A/C WILL BE 'NET LOSS' & HENCE IT
WILL BE SHOWN ON ASSET SIDE OF BALANCESHEET UNDER THE HEAD
MISCELLENEOUS EXPENDITURE.

Is This Answer Correct ?

11 Yes

6 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / vijay

Actully there are menny types of methods.
The debit balance of the P&L A/c it means loss there are
two way to show the loss to the balance sheet.
1) Deducte from Capital
2) show to the Asset side of the Balance Sheet

Is This Answer Correct ?

7 Yes

2 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / tushar

It is shown in liblities side.

Is This Answer Correct ?

35 Yes

31 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / ashrita

Debit balance in the p&la/c shows net loss i.e income is
less than expenses,if it is a credit balance then it is
profit.hence we usually subtract it from capitala/c

Is This Answer Correct ?

10 Yes

6 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / manjunath

in the liabilities side:- Show here the debit balance of
profit and loss account carried forward after deduction of
the uncommitted reserves, if any
in the Assets side:- Other Reserves specifying the nature
of each Reserve and the amount in respect thereof Less:
Debit balance in profit and loss account
(The debit balance in the Profit and Loss Account shall be
shown as a deduction from the uncommitted reserves)

Is This Answer Correct ?

4 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / anil karayil

The Debit Balance of the P&L A/c Means the firm has made a
Net Loss. This balance can be shown In the Asset Side of
the balance sheet under the head Revenue Expenditure or can
be shown in the liability side Deducting from Reserves and
Surplus.

Is This Answer Correct ?

4 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / vinay valmiki

Just clear your doubts

Debit bal in P&L A/C means total of cr. is more (cr. all
incomes) total of Dr. is less ( Dr. all expenses)
Result net profit , which appears on the liab side of
Balance Sheet.

Is This Answer Correct ?

4 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / mahindra timsina

The Debit Balance of the P/L A/c simply means excess of
Expenses over Income. When the expenses are more that
income, that gives Loss.

Loss is a claim revoverable by the business from the
shareholders, which means it is asset of the business and
will come in the Asset side of Balance Sheet.

Is This Answer Correct ?

4 Yes

0 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / shaik nizamuddin(mba finance)

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IT CALLED AS THE
REVENUE EXPENDITURE AND THE SAME WILL BE SHOWN IN THE
ASSETS SIDE OF THE BALANCE SHEET IT WILL BE TREATED AS
REVENUE RECEIPT's. so in this the debit balance of the p&l
a/c is shown in the balance shee that is in assets side.

MBA(FRESHER)2008
THIS IS NOT MY OWN ANSWER THIS AS PER INDIAN GAAP EVERY
ONE CAN SEARCH IT!

Is This Answer Correct ?

5 Yes

2 No

THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN OF BALANCE SHEET..

Answer / vijayranga

Debit balance of P&L account will be shoen in the B?S at
the same column only as "Net loss",
by deducting from capital, if it is net profit addding to
the capital.

Is This Answer Correct ?

3 Yes

0 No