Where is Profit and Loss posted in a balance sheet?
Answer Posted / sadiq
If there is net profit then it is added back to the capital on
liability side and if loss it will be deducted.
| Is This Answer Correct ? | 74 Yes | 5 No |
Post New Answer View All Answers
What is the basic accounting equation?
Sold goods to Gasha 600 by cash
Types of errors in account
Tell me what are the key tasks for account executive?
Tell me what is an over accrual?
What is the use of form D in sale tax
How will service tax & excise be charged?
Tell me what do we mean by purchase return in accounting?
Who uses accounting?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
all ques. related to accounts?
what is difference between budgeting and Forecasting
what is t code of gr/ir report?
what are the limitations of accounting ratios?
What is the difference in accounting and marketing and what is so different about them?