Accountancy, asked by krishuprajapati1223, 5 months ago

net profit is reflected in higher cash balances and net loss is reflected in lower net worth

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Answered by MiSsNaSheDi

Profit's Effect on the Balance Sheet

The profit or net income belongs to the owner of a sole proprietorship or to the stockholders of a corporation. ... The liabilities and owner's equity (or stockholders' equity) are presented on the right side or credit side.

Answered by Anonymous

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mujhe answer nahi aata

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net profit is reflected in higher cash balances and net loss is reflected in lower net worth​

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net profit is reflected in higher cash balances and net loss is reflected in lower net worth