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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
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Answer Posted / vijay gawalkar
Always the Debit Balance of P&L A/c. Should be shown under
the Head "Reserve and Surplus" on the Liabilites side. For
more details you can check Schedule VI of Companies Act
1956.
| Is This Answer Correct ? | 30 Yes | 28 No |
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