Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?

Answer Posted / srinivasa

Debit balance nothing but it is a profit

Is This Answer Correct ?    47 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.

1973


What are the uses of journal in accounting?

1071


how many types of currencies are there in oracle r12

1957


What do you mean by ledger posting?

1070


I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

2332


what is profit and loss(dr) in cash flow statement?

2051


what is dmat charges?

1981


What is the abbreviation for the accounting terms debit and credit?

1006


What is accounting for plant assets?

1168


What is fair value accounting definition?

1290


Please guide in details about Payroll in Tally.erp9??

2250


What are the steps to take before you approve an invoice for payment?

1160


what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

1915


Mention why some asset accounts have a credit balance?

1070


what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1866