Interested to Buy Any Domain ? << Click Here >> for more details...
What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?
- 6 Answers
- 20505 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Debit balance in the Profit & Loss A/c appearing in the
Trial Balance is the Loss brought forward from the previous
accounting period. This amount should have appeared in the
Balance Sheet at the end of the immediate preceding
accounting year.
| Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
How is the accounting for lease transactions done?
what are the limitations of accounting ratios?
Why is accuracy important in accounting?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
What are source documents in accounting?
What is the difference between perpetual & periodic inventory system?
what is the difference between profit center area and business are.? please make me clear.
Explain me scrap value in accounting?
What is the double entry system explain its rules with examples?
what is t code of gr/ir report?
what is mean by sample account and data transfer rule in SAP FI?
What is vendor?
