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What will be the normal balance of loss on sale of debentures?
Loss on sale of debenture is a loss and like all loss accounts it has debit balance as normal balance.
Where does loss appear on the balance sheet?
Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
Does discount received have a debit or credit balance in the ledger balance?
discount revived has Cr balance in a profit and loss a/c
Why losses are recorded on the asset side of balance sheet?
its a loss
What will be the normal balance of loss on sale of debentures?
Loss on sale of debenture is a loss and like all loss accounts it has debit balance as normal balance.
What do you mean by credit balance in profit and loss Ac?
credit balance in profit and loss a/c is loss
What is debit balance of profit and loss account?
Debit balance of Profit & Loss Account represents "Loss"
is cash a balance or profit and loss?
loss
Where does loss appear on the balance sheet?
Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
How do you show a Net operating loss on balance sheet?
operating loss capitalization
Is dizziness the same as loss of balance?
not nessessarily
Numbness vomiting and dizziness are the causes of what?
They cause loss of sensation, loss of stomach contents and loss of balance, respectively.
Where profit and loss posted in balance sheet?
Profit will add with capital and loss will deduct from it.
Does discount received have a debit or credit balance in the ledger balance?
discount revived has Cr balance in a profit and loss a/c
What are the reason where the balance sheet will not tally?
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.
