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 / saket mehta

It represent the profit of the company.

Is This Answer Correct ?    4 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Technology used to carry out trades? Pls Tell me as early as possible.

3521


Describe me accounting rules

1918


Tell us depreciation and its types?

1131


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

1007


Tell me the stages of double entry system?

1063


Tell me what is the general classification of accounts that usually ledger account involve?

1098


what are the direct expense of loan department in banks.

1461


How to pass an general entry for materials which are stored in warehouses??????

2276


What are source documents in accounting?

1054


if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

2023


Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1903


What is an interlocking accounting system?

1413


Tell me what does the standard journal entry includes?

3999


What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

2593


What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?

1226