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प्रश्न
Imagine there is a Net loss in the business. Net loss is transferred from the ______ to ______.
विकल्प
Profit and Loss Account debit side, Balance Sheet assets side
Profit and Loss Account credit side, Balance Sheet liability side
Balance Sheet liability side, Profit and Loss Account credit side
Trading Account, Balance Sheet asset side
MCQ
रिक्त स्थान भरें
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उत्तर
Imagine there is a Net loss in the business. Net loss is transferred from the Profit and Loss Account credit side to Balance Sheet liability side.
Explanation:
Net Loss occurs when expenses exceed income. To balance the Profit and Loss Account, it is recorded on the credit side. It is then transferred to the liability side of the Balance Sheet, where it is deducted from Capital because it reduces the owner’s investment.
shaalaa.com
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