Balance sheet & profit loss accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2015
How to identify the Accounts to be posted in Balance Sheet & Profit Loss. As Real & Personal Accounts are in the Balance Sheet, while Nominal Expenses are shown in Profit & Loss Statement. For Eg.: Pre Paid Expenses as the name suggest is the expenses but is show on the balance sheet under current assets. So how to identify the particular Accounts and post them accordingly?. Please guide me on the same.
06 August 2015
Nominal accounts - P&L
Personal & real = Balance sheet
Capital ,Loans, Outstanding , receivables etc all are representative personal accounts = balance sheet.
Personal & real = Balance sheet
Capital ,Loans, Outstanding , receivables etc all are representative personal accounts = balance sheet.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
