THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / prakash pratapram mauriya
The debit balance of the p&l A/C showes in liablities side
under the head of reserve and surpluses according to mumbai
university sylabus otherwise wye wrong interpritaion they
give to the students if debit balance of P&l A/C is
negative then it will be shown in the blance sheet of
assets side otherwise it will be deducted under the heads
of reserves and surpluses
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