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Profit and loss come in trial balance

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2014 whether profit or loss come to trial balance.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
15 October 2014 Yes profit after rax is carried forward in Balance Sheet under Reverse & Surplus.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 October 2014 Profit or loss will not come in trial balance it will come only in profit and loss account and carried over profit or loss in balance sheet.
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Vishnu Saboo

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Vishnu Saboo (Expert)
22 October 2014 Profit or loss is difference of Earning and Expenses during accounting period.
it depends on software configuration that whether it will be shown in Trial or not.

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