Interested to Buy Any Domain ? << Click Here >> for more details...
In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.
- 9 Answers
- 14656 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Who told you expenditure will be placed under assets side.
Expenditures will be be deducted from revenue and income or
loss will be arrived. Profit will be added to capital and
losses will be deducted from capital account. you know
pretty well that capital account will be placed under
liabilitieds side. You simply note down that expenses or
incomes will not find place in balance sheet
www.therealaccountants.com
| Is This Answer Correct ? | 33 Yes | 1 No |
Answer / vadlakondav
Thank you sankeerthana actually i confused regarding this
question one of my friend told me this. any way thanks for
ur reply
| Is This Answer Correct ? | 6 Yes | 0 No |
Thanks for the response.Pl also visit my site immediately.
You will be definitely immpressed with the site
sankeerthana
www.therealaccountants.com
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mannavarr
dear sankeerthna ur job is good. what is the use of visit
ur website realaccountant.com, i can't understand what is
there in site
| Is This Answer Correct ? | 1 Yes | 0 No |
Dear sankeerthana I had just now visited your recommended
site to Vadlakonda. As you said it is really worth
visiting.Regular visit with that site will help unemployees
seeking better jobs
Thanking you fo the suggestion.
Krishna
kopallekrishna@yahoo.in
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / n k gupta
All Liabilites to the business has to be on liabilities
side and indcome to the business is owners Asset i.e
Shareholders. thats the reason all income is also liability
to business.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / anil ahuja
Liablities and incomes are always have Credit Balance and
Assets & Income are always have Debit Balance
| Is This Answer Correct ? | 2 Yes | 3 No |
What does the investment of personal assets by the owner will do?
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
explain about ISO certificate ?
What is a cpa?
The Actual Rent was 12000,in the month of Feb i had paid 15000 and in the month of march i had paid 3000. Pass the necessary Journal entry for this.
27 Answers Accenture, Genpact, Sunshine,
Explain me do you think accounting standards are mandatory and why?
how to calculate the per unit cost of production
What is the difference in accounting and marketing?
what is capital reserve
0 Answers Accenture, Linc Pen,
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
Audit 
