P&L A/c
This query is : Resolved
Meenakumari
(Querist)
16 July 2010
Please explain the different methods of treatment of profit/loss in P&L A/c and B/s
Ca Aashish Upadhyay
(Expert)
16 July 2010
kindly elaborate
Aditya Maheshwari
(Expert)
16 July 2010
If Profit & loss has debit balance then show in assets side under misc. exp.
If P & L has credit balance shown under Reserves & Surplus.
What other option available?
If P & L has credit balance shown under Reserves & Surplus.
What other option available?
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