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why profit and loss account debit balance appeare in the asset side of balance sheet?
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Answer Posted / ranjith baswaraj
P&L A/C DEBIT BALANCE MEANS PROFIT AND CREDIT BALANCE MEANS
LOSS WE SHOULD ALWAYS SHOW THE PROFIT TO ASSETS SIDE AND
LOSS TO THE LIABILITIES SIDE
| Is This Answer Correct ? | 19 Yes | 51 No |
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