P&L A/c debit balance means oever exp. on income , as per nominal rul

why the debit balane of p&l a/c shows in asset side of
balancesheet

Question Posted / faruk.id

Answer Posted / faruk.id

P&L A/c debit balance means oever exp. on income , as per
nominal rule expenses is debit so it is recorded unsder
asset side in balance sheet

Is This Answer Correct ?

2 Yes

4 No

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