Interested to Buy Any Domain ? << Click Here >> for more details...
THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
- 59 Answers
- 85627 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
Answer / vinod
The debit balance of the P/L a/c all ways shows in the liabilities column of balance sheet..
it is added to the capital amount as a net profit...
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / srinivasa rao m
In P&L a/c if comes porfit or loss it should be added to
reserve and surplus(liabilites).
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bsatishkumarmba@gmail.com
p&l account dr balance shows liabilities side of balancesheet which added to capital
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sampath.chiluveru
the debit balance of the profit and loss account known as net loss.It is shown in liabilities side as well as assets side.Most of times this amount will be deducted from the capital account at liabilities side.Otherwise it will shomn on assets side also correct.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / husna
It is shown under Liabilties side of the balance sheet
under the head Capital
| Is This Answer Correct ? | 40 Yes | 41 No |
Answer / rekha
hey Swathi.The debit side of the p&l a/c is added to Net
capital in the liabilities side of the Balance sheet .It is
not added to the Reserves&Surplus.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / murali
it's shown on the laibilities side and add to the capital
| Is This Answer Correct ? | 0 Yes | 1 No |
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
How do u prepare Cost sheet? on what basis it is prepared how it is useful to the management?
what is composition vat
agar humne c-form ke against sales ki hai . After 6-month party hamhe goods retun karti hai sath hi wo hamshe sales return amount ka c-form magti hai to kya hum c-form issue kar sakhte hai ya nahi.please give me correct suggestion.
what is marginal cost?
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
Expand I B R D
Do v call director in the partnership firm?
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
Purchase of goods worth Rs 354800 from Anand traders which is inclusive of vat tax 4%. Pass entry showing vat in detail
Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it
what is Contra Entry?
Audit 
