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Where will loss appear in Balance Sheet?
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Answer Posted / subhash a.
Loss directly has no place in balance sheet.
It will appear in balance sheet only the accumulated balance
in profit & loss a/c is resulting in debit balance.
Then it will appear in right (assets) side under the group
of fictitious assets, below current assets group.
| Is This Answer Correct ? | 23 Yes | 6 No |
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