Where is Profit and Loss posted in a balance sheet?
Answer Posted / shashi
now under revised sch vi if profit then show it in liability
side and if loss then adjust it from reserve and surplus
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
What is meant by daily accrual and booking?
What are time sheets?
Cash bill of sale so the company can deduct the amount.
journal entry for prepaid insurance and salary outstanding
What is bond ? What is capital market?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
What is the revenue recognition principle?
What is short term solvency ratio?
What are the criteria for accounting job?
What are the functions of manger -accounts and manager-finance?
Explain me is any difference between inactive and dormant accounts?
What is the difference of cost accounting and financial accounting?
How the Entry passed for Loss of Payment