why if we put the loss into balace sheet it will look like the asset?Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › why if we put the loss into balace sheet it will look like the asset?This topic has 3 replies, 3 voices, and was last updated 14 years ago by MikeLittle.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts October 16, 2010 at 5:11 pm #45570 AnonymousInactiveTopics: 22Replies: 11☆can anybody tell me what are the principles and what are the journals? October 16, 2010 at 9:39 pm #69393 ahsanpervezMemberTopics: 7Replies: 30☆well what i knw abt loss is that loss is an expense and expense is debited as u knw, when the debit goes to b’sheet then treated as asset ……asset’s are always dr. October 18, 2010 at 2:36 pm #69394 MikeLittleKeymasterTopics: 27Replies: 23286☆☆☆☆☆What’s your question Elen75? October 18, 2010 at 2:37 pm #69395 MikeLittleKeymasterTopics: 27Replies: 23286☆☆☆☆☆From your very basic book-keeping days, you should remember that a Debit balance can only be one of two things – an asset or an expense.Assets go to the SofFP ( Balance Sheet ) whereas expenses go to the SofI ( Income Statement 0AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In