Interested to Buy Any Domain ? << Click Here >> for more details...
THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
- 59 Answers
- 87950 Views
- Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS, I also Faced
- E-Mail Answers
Answer Posted / swathy
Hey teja, it comes in Liabilities side which is added to
the reserves and surplus. The logic that debit balance in
p&l a/c being netprofit, hence in assets side is wrong.
The debit balance of P&L a/c i.e., netprofit comes to
balance sheet added to the reserves.
| Is This Answer Correct ? | 117 Yes | 61 No |
Post New Answer View All Answers
Meaning of portfolio management?
What is payment/receipt/period accruals?
how to entry in tally for other person check received
what is duties and responsibilities for clark working in sbi
what is the system of accounting and banking in cooperative bank?
Short Answer on __________Event
How to answer for the question, tell me about ur project? I mean in which format can i say?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Mention some of the major contributions made by you in your present and previous jobs
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
what is forecast
What is money measurement concept
What is the Formula For Return on Working Capital
Expand-------NBTA
What is the difference between Risk, Threat & Hazard?
