Where will the debit balance of profit and loss have shown which is disclosed by the accounts of a company?

Shown under the head ‘Reserves and Surplus'

The correct answer is option 2- Shown under the head ‘Reserves and Surplus.

Reserves and Surplus are required to be classified as:
i) Capital Reserve
ii) Capital Redemption Reserve
iii) Securities Premium Reserve
iv) Debenture Redemption Reserve
v) Revaluation Reserve
vi) Share Options Outstanding Account
vii) Other Reserves (Specifying nature and purpose
viii) Surplus: Balance in statement of profit and loss; disclosing allocations and Appropriation such as dividend, bonus shares, transfer to/from reserve, etc.

NOTE-  ‘Debit’ balance of statement of profit and loss shall be shown as a negative figure under ‘Surplus’ head. The balance of “Reserve and Surplus” after adjusting negative balance of Surplus, if any, shall be shown under “Reserve and Surplus” read even if the resulting figure is ‘negative’.