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Why the debit balance 9f profit and loss acc ount is shown on assest lide of liability ( debit bal of profit and loss account is loss than why)
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Why the debit balance 9f profit and loss acc ount is shown on assest l...
Because profit is earned on the capital invested which is not the company's money. Capital is also like a liability and the profit should actually be given to the owner and the money is still there with the company so it is again a Liability. For the company to pay the profit which is a return on the capital invested by the owner.


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Why the debit balance 9f profit and loss acc ount is shown on assest lide of liability ( debit bal of profit and loss account is loss than why)
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Why the debit balance 9f profit and loss acc ount is shown on assest lide of liability ( debit bal of profit and loss account is loss than why) for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Why the debit balance 9f profit and loss acc ount is shown on assest lide of liability ( debit bal of profit and loss account is loss than why) covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why the debit balance 9f profit and loss acc ount is shown on assest lide of liability ( debit bal of profit and loss account is loss than why).
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