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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 / 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 |
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