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...

Where is Profit and Loss posted in a balance sheet?

Answer Posted / kiran

IF PROFIT THEN SHOW LIABILITIES SIDE AND IF LOSS THEN SHOW
ASSETS SIDE.

Is This Answer Correct ?    111 Yes 28 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?

2302


whats the sales tax slab and company's turnover professional tax slab

3416


how to pass entry in tally Rs 50000 cheque paid to son by father

1747


When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.

2116


What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

1227


What was your average accounts receivable days outstanding/days sales outstanding?

1137


what are cost accounting and its applications?

1157


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1908


shares convert into share capital what is the journal entry? how many ledgers need to create?

2120


Financial Accounting

2342


Do you know what are trade bills?

1495


WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

2125


how to get a job in stock markets for MBA-FINANCE?

2113


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1868


why we multiply no. of purchasing year with average profit

2059