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Why we Add the net profit in the balance sheet ? Why we
shows profit in the liability side of the balance sheet?
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Answer Posted / keyul gandhi
Dear Mr. Venu
Profit of the company is a liabilility because this profit
need to be distributed to the partnes or share holders or
to the porpritor, which is not yet done
when we prepare final accounts we just arrive at the proft
figure and not the actual distribution of the profit.
Thanks
| Is This Answer Correct ? | 12 Yes | 3 No |
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