Question

why losses from profit and loss recorded undear assets in balance sheet ?​

Answer 1

Answer:

Losses are deducted from Owners capital and not really recorded under asset.

Explanation:

Logically speaking deducting them from assets is wrong mainly because definition of asset goes as 'An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.'

Moreover profit and loss is part of owners equity/shareholders fund