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If net profit is a profit why does it appear on the
liability side of the balance sheet
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- Gopaljee, Hewitt, I also Faced
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Answer Posted / moti
because capital is treated as liablities in accounts and
the treatment of net loss or profit is either substracted
or added in capital for knowing the increment of capital
or decrement of capital.
| Is This Answer Correct ? | 5 Yes | 0 No |
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