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Balance sheet

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(Querist)
19 January 2015 Why does p&l shows in the asset and liability side of the balance sheet
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CA NAVEEN SINGLA

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CA NAVEEN SINGLA (Expert)
19 January 2015 It is shown on Asset side when There is loss because It is Receivable either from the partners/Directors and shown on Liability Side because it is payable either to Partners/Directors.
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Amit

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Amit (Querist)
19 January 2015 Thanx sir
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