Interested to Buy Any Domain ? << Click Here >> for more details...
libilities accounts come under what type of accounts(under
real, nominal or personal) if its nominal, generally
nominal will not come in balance sheet, why we shown in
balance shhet?
- 1 Answers
- 4027 Views
- I also Faced
- E-Mail Answers
Answer / prasant m
Liabilities is a Nominal accounts,your second q is why it is
comes under Balance sheet,where as my view first we should
know why we need to prepare Balance sheet?
to find exact position of business at the year ending,how
much assets value excess over liabilities or how much
liabilities excess over assets,by that we can find what is
the business value at year ending.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
Do you have reference list
1 Answers GSK GlaxoSmithKline,
Hi guys, Could anybod tell the what is journal entry when the internal order(rea) is settled?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
WHAT ARE EQUITY SECURITIES?
closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the nextyear?
Expand ------MNIC
what is the use of activity based costing, process costing, product costing, what are the steps followed for the same
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
if i bought 10 car @ Rs1000 each.one car i used for office use then what will be the entry?
what is term loan?
Audit 
