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Loss on sale of debenture is a loss and like all loss accounts it has debit balance as normal balance.
Profit and Loss.
its a loss
profit or loss for the period
Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.
It is capital loss of the company. It comes only in the time when redeem debenture. It is shown when we issue the debenture because it is one of the redeemable condition. it is loss of future but comes in balance sheet as separate account the name of premium redemption account in liability side so, it is carried at the time of issue.
Loss on sale of debenture is a loss and like all loss accounts it has debit balance as normal balance.
The main parts of a balance sheet are profit, loss and inventory.
Balance sheet is the summary of Assets ,Liabalities , and profit or loss from Profit and loss account. following are the common reasons 1.As Purely based on nduble entry system For each ledger debits there should a equlent ledger credit on all transactions. 2. We can divide ledgers into Balance sheet items and Profil and loss account items. Balance sheet ledgers are ledger balances which directly reflects in Balance sheet Profit and Loss ledgers are ledgers which is reflecting only in Profit and loss account not in balance sheet. 3. Check the opening balance sheet, difference in opening balance sheet may the reason.
Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query regarding this issue please do not hesitate to contact me on shayan_qureshi@akbarassociates.com Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query please do not hesitate to contact me on shayan_qureshi@accamail.com
Profit and Loss.
Same like net profit shown in balance sheet net loss is also shown in balance sheet because net profit or net loss both are part of equity of the owner and to show the net effect of fiscal year;s performance with previous performance it is shown in balance sheet.
operating loss capitalization
PROFIT, LOSS, AND INVENTORY ARE OFTEN CONSIDERED MAIN SECTIONS OF A BALANCE SHEET.
Profit will add with capital and loss will deduct from it.
its a loss
profit or loss for the period