THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / satyaki_raju@yahoo.com
The credit balance of P& L means the excess of revenue
minus overheads.If so the balance will be placed under
Liabilities side.The question is Debit balance of P & L.It
is excess of overheads over revenue called as loss.It will
be placed under assets side
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