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...

why profit and loss account debit balance appeare in the asset side of balance sheet?

Answer Posted / vinod kumar s

credit is what to be invested and debit is the debt taken as
loan from any bank so the liability side is for debit not
for credit

Is This Answer Correct ?    19 Yes 20 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

3636


What is batch input? why we use batch input session in SAP(FICO)?

5413


At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

2370


which subsidiary book is source of these:debit note,credit slip,

2086


what do you mean by Firm

1672


say something about your school

3180


List of Indian accounting standards and international financial reporting standards

1801


What does overhead mean in regards to accounting?

1162


How to prepare in yearly turnover?

2196


What software applications have your used for accounts receivable?

1156


what is the procedure to appoint an Austrlian citzen as indian company director...

1833


What are the various systems of accounting? Explain them.

1036


what is loan operations and what are the complete process form from making customer to closure of loan

2173


Do you have any idea about gst?

1154


What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?

2534