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What does mean is Profit & Loss Account Shows Debit Balance in
Trail Balance ?
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Answer Posted / monu aggarwal b.com accountant
If profit n loss a/c shows debit balance in Trial
Balance,its mean is that there is a loss in that perticular
Year.
| Is This Answer Correct ? | 13 Yes | 2 No |
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WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
