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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details