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Loss is shown in asset side of business as other asset because it has debit balance and reverse of profit which has credit balance.

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11y ago

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Related Questions

What will not appear on a balance sheet?

temporary acct will not appear on balance sheet


Why does the workforce never appear in a balance sheet?

why is it that workforcs never appear in balance sheet


Where will loss appear in balance sheet?

Loss is shown under asset side of business as it has debit balance and reverse of profit which is shown under owner equity section.


Where does the net loss go on a balance sheet?

Net profit doesn't appear in a balance sheet, it only appears in an income statement.


Would a net loss appear in the income statement column of the worksheet?

no. it appears on the debit column on the balance sheet


How do you calculate net income from balance sheet?

You can't ! it's a function of the Profit and Loss Statement. Income from previous years will appear on the balance sheet...but Net Income is a P&L Function.


Where does an escrow payable appear on a balance sheet or a income statement?

balance sheet


How would fees receivable appear on the balance sheet?

Fees receivable would appear on the balance sheet as an asset.


When is Bad debt expense removed from the balance sheet?

Bad Debt Expense does not appear on the balance sheet. It is only on the income statement. Allowance for Uncollectible Accounts does appear on the balance sheet.


Where does unearned fees appear on the balance sheet?

On the balance sheet as a current liability.


What are the main features of a balance sheet?

The main parts of a balance sheet are profit, loss and inventory.


Where does stationary go on a balance sheet in business studies?

Stationery, as an accounting item, does not appear on a business Balance Sheet. The Balance Sheet is reserved for assets and liabilities. The Income Statement reflects income and expenses and because Stationery is an expense item it will appear on the Income Statement and not the Balance Sheet.

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