Answer / abilasha

Liability is to responsible for payment but owners capital is different like owners capital is share owed by the propreitor

Answer / neha

Owner's equity represents the capital i.e., the investment
in the form of cash and assets made by the owner and the
returna thereof, viz., P&L balance, general reserves etc.
However, all other claims accrued to the business by
entities other than owners constitute other's liabilities.
Total liabilities are sum total of owners and other
liabilities.

Diffirent betwen Capital Expendature & revenue expendature

8 Answers   Genpact, IBSN, Malbro,

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I am going to take interview of some candidate for the position of Accountant. Therefore, I want to know what type of question I shall be ask to the candidates. Please suggest.

1 Answers  

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Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

2 Answers  

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Tell me how can you define departmental accounting?

0 Answers  

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what is FIC

1 Answers   HDFC,

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Diffeence between cash book and cash account?

1 Answers  

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WHAT DOES MEAN BY RECONCILLATION EXCESS/SHORTAGE

3 Answers  

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Goods sold by Del Credere Agent are sales of manufacturer or Del Credere Agency?

0 Answers  

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what is SEC,BED

3 Answers  

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How do u calculate closing stock in training account?

6 Answers  

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What is actual meaning or procedure of Revenue recognistion in SAP FICO Module?? Why we use VF44 TCode in RR run ??

1 Answers  

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when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions

0 Answers  

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