why profit and loss account debit balance appeare in the asset side of balance sheet?
Answer Posted / parth pp ca final
P and l dr bal is shown as fictitious asset and amortised over period of time it is loss which owner will bring so it is asset receivable from owner
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is mutual fund what is derivatives what is capital market what is TDS.breifly
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
What are the various systems of accounting? Explain them.
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
What was your average accounts receivable days outstanding/days sales outstanding?
Tell us what is a cpa?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
what single discount is to2 successive discount of 10%& 15%
What is the master account?
How do you build a successful business relationship?
all GL Related Interview questions with answear
journal entry for goods withdrawn for personal use
Tell us did you use accounting applications at your previous companies or prefer working manually?
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)