Loss from p&l
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2015
why does the loss from p&l goes to asset side of balance sheet?
06 November 2015
Loss means the business has lot money. That money is receivable from the owners hence it is shown as asset.. For more information and details Http://tinyurl.Com/stcompliance
06 November 2015
Asset side represents the accounts having DEBIT balance.
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