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P&L A/c

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(Querist)
16 July 2010 Please explain the different methods of treatment of profit/loss in P&L A/c and B/s
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Ca Aashish Upadhyay

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Ca Aashish Upadhyay (Expert)
16 July 2010 kindly elaborate
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 If Profit & loss has debit balance then show in assets side under misc. exp.

If P & L has credit balance shown under Reserves & Surplus.

What other option available?
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