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THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET

Answer Posted / trupti

DEBITE BALANCE OF P&L A/C WILL BE 'NET LOSS' & HENCE IT
WILL BE SHOWN ON ASSET SIDE OF BALANCESHEET UNDER THE HEAD
MISCELLENEOUS EXPENDITURE.

Is This Answer Correct ?    11 Yes 6 No



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