Interest received
Pradeep Kumar Reddy (Accounts Excutive) (68 Points)
26 February 2018
Interest received a/c show in p&l credit side but which side show balance sheet?
Pradeep Kumar Reddy (Accounts Excutive) (68 Points)
26 February 2018
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 26 February 2018
not to be shown @ Balnce Sheet
only if interest is accured then under Current Assets in BS
Rahul Prajapati
(Student)
(2282 Points)
Replied 26 February 2018
WHEN YOU WILL TRANSFER PROFIT OR LOSS FROM P&L ACCOUNT THEN ITS EFFECT WILL AUTOMATICALLY COMES IN BALANCE SHEET.
ONLY ACCRUED AND UNEARNED PROFIT IS BEING SHOWN IN P&L ACCOUNT.
akshay
(article)
(105 Points)
Replied 26 February 2018
akshay
(article)
(105 Points)
Replied 26 February 2018
CAclubindia
