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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 / neeraj sharma
the debit balance of the profit & loss a/c shows net
profit, it show in the liabilities side ot the balance
sheet under the reserve & surplus.
| Is This Answer Correct ? | 12 Yes | 12 No |
Answer / pote naik
we will be shown on the liability side of the balance
sheet.we will deduct from share capital.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / satyaki_raju@yahoo.com
Suman kanti Dutta. You have no clarity in your answer. You
are recomending both assets and liabilties side at a
time.pl be careful while answering. If you have no clarity
in your answer refer any book or others answers.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sateesh in sreekakulam a.p
it is debit balance of p&l A/C is called net profit.so it
must dedicated from capital in liability side of balance
sheet .
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rekha
The debit balance of the profit and loss account becomes
the netprofit.So we have to add the net profit to the
capital in liabilities side of the Balance sheet.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / k.srikanth
Hi,
it comes in Liabilities side which is added to
the reserves and surplus. The debit balance in
p&l a/c being netprofit,The debit balance of P&L a/c i.e.,
netprofit comes to balance sheet added to the reserves.
If it is coming the Net Loss in p&L a/c where as Balance
sheet is shown as deduct to capital in liabilities side.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / e.ramesh
the debit balance of p&l a/c is shown under liabilities,less to the capital,as net loss
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ammar yasir
It is a liability for the firm and is shown in the liabilities side. and it is profit for the firm.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vasu borada
the debit balance of the P&L a/c being netprofit so it must be transferred to the capital a/c in balance sheet where we find capital on liabilities side right so it must shown in liabilities column of the B/S.
| Is This Answer Correct ? | 0 Yes | 0 No |
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