THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer / shilpi kumari
it is shown under liabilities side of the balance sheet as
profit & loss a/c.
| Is This Answer Correct ? | 30 Yes | 33 No |
Answer / satyaki_raju@yahoo.com
My dear siva prasad MBA Your answer is not correct. Once
again you try to understand the question.The debit balance
of the P & L means the result of the business. i.e Excess
of revenue over expenses.It is called as profit. Profit
will be placed under Reserves and surplus.Reserves and
surplus has a place in Liabilities side.
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| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / swati
the debit balance of p&l a/c is shown under liabilities,add
to the capital.as net profit.
| Is This Answer Correct ? | 19 Yes | 23 No |
Answer / hashim bim ali
it must be shown it the liability side of the balance sheet.
| Is This Answer Correct ? | 3 Yes | 8 No |
Answer / mahesh babu
The Debit balance of the profit and loss A/C is the
Netprofit.we show in the liability side of balance sheet.
We will be added under capital A/c or reserves and surplus
A/c.
P&L a/c Debit balance is Net profit.
| Is This Answer Correct ? | 2 Yes | 10 No |
Answer / kirti
you people confused me
debit balence of p&l ac should come in liability sideas it
is net profit.
| Is This Answer Correct ? | 2 Yes | 10 No |
Answer / thota . koteswara rao
The debit balance of the P&L A/C is called always net
profit. Its show in Balance sheet liabilities side, and
also it is add to the capital account.
| Is This Answer Correct ? | 14 Yes | 23 No |
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