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

Explain me some of the examples for liability accounts?

1036


difition of reserve & surplus

2275


Please provide me the entire format of P.F. & ESI

2106


consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000

1404


on the basis accounting,acounting is divided in to how many classes and what are they?

1749


why you want to lecturer

2189


what is the rate of vat,cst,in mumbai

1693


What is the entry to be passed on receiving the tds certificate in the books of the deductee?

2616


What are the advantages of computer accounting over paper accounting?

981


What are the difference between Debit Memorandum and Credit Memorandum?

2049


what are the disadvantages of back-flush accounting?

1080


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

2117


Tell me whether the account “cash” will be credited or debited, when a company pays a bill?

1054


In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

2209


Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

1009