THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / crr
It is shown on the asset side of the balance sheet in case
of companies and deducted from partner's capital in firms
and prop. concerns. In partnership concerns, it can also
be shown on the asset side, if the current account of the
partners is sshowing debit balance.
CRR
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