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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 Posted / 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)
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