Whether Net profit or Net loss come in Trial Balance


This query is : Resolved 

Quick Summary
The discussion clarifies whether a net profit or net loss appears on the Trial Balance. The consensus is that it does not directly feature as a balancing figure. Instead, the Trial Balance is prepared before the net profit or loss is calculated, and this figure is subsequently used to create the final accounts.

(Querist)
25 January 2025 whether Net profit or Net Loss come in trial Balance.

26 January 2025 Yes, it is the final balancing figure added to trial balance.

26 January 2025 No, net profit or net loss will not come in trial balance.


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