_____ balance of statement of profit and loss shall be shown as a negative figure under ‘Surplus’ head.

Debit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Credit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Either Debit or Credit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
Debit

‘Debit’ balance of statement of profit and loss shall be shown as a negative figure under ‘Surplus’ head.

Suggest Corrections

Similar questions

Subsidiary books do not have both the debit and credit sides. They simply have either debit or credit balance. Is this statement correct?

Under ___ method , the capital account may have either debit or credit balances.

Join BYJU'S Learning Program