Debit balance of p/l in new format of b/s
Querist : Anonymous
I want to know if there is debit balncde in the Profit /Loss account ,where should it be reflected in the revised Format of balance sheet.
thanks & regards,
Binita Behl.
Querist : Anonymous
But if no other elements exist in the Balance sheet then the neagtive figure is taken to the Final reseves and scurlpus
And as far i am concerned ,i think Balance Sheet should not have Negative Figure .
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