THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
- 59 Answers
- 73218 Views
- Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS, I also Faced
- E-Mail Answers
Answer Posted / suman kanti dutta
Debit balance of profit & loss a/c means loss i.e excess of
expenditure over income. It should come assets side of the
balance sheet or in liabilities side it should be less from
capital A/C.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
can payorder be issued for outstation?if yes then how?should it be account payee?
Difference between cash and merchantile system?
What is meant by Nostro Reconciliation
Expand---------NMOP
How can a company reduce profit
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
Short Answer on __________Revenue
What are the Types of invoices batching? & what is 3 way batch?
How to increase our credit rating score quickly?
i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.
how will i develop my fears in interviewd?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
What is Financial planning?
