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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- What is meaning of cumulative method of interest
- Interest of FDs is taxable on an accrual basis also
- What is meaning of mismatch of group in accounting
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
