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

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

Question Posted / laxman

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

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...

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

Answer / srinivasa rao m

In P&L a/c if comes porfit or loss it should be added to
reserve and surplus(liabilites).

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

Answer / bsatishkumarmba@gmail.com

p&l account dr balance shows liabilities side of balancesheet which added to capital

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

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.

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

Answer / husna

It is shown under Liabilties side of the balance sheet
under the head Capital

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40 Yes

41 No

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

Answer / df

liabilities

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2 Yes

3 No

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

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.

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0 Yes

1 No

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

Answer / priyanka

asset side

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1 Yes

2 No

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

Answer / priyanka

asset side