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Profit and loss account

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(Querist)
16 June 2015 How should the profit and loss be treated when it is reflected in trial balance with Cr balance
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
17 June 2015 It is the closing balance of P&L Appropriation a/c b/f from earlier year. This will be shown as opening balance in current year.

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