Interested to Buy Any Domain ? << Click Here >> for more details...
capital is a assets but its shows in liability side. why?
- 11 Answers
- 18854 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jagruti
Capital is a liability because the business is different
from its owners. company raises capital by its owners and
for that capital it has to pay returns on it in the form of
dividend and interests so if we are paying something,its
our liability so that capital is always at liability side
| Is This Answer Correct ? | 0 Yes | 0 No |
how many types excise audits and when they are applicable to firm
What is a cpa?
if accounting year is 2010-11 which will be the assessement year.
In which group " charity" will come under.....in tally?
what is FIC
How use Budget in SAP, i want to see the report of variant between budget and actuals.
What is tally accounting?
opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.
3 Answers State Bank of Mysore SBM,
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
1. our co., start from 20.05.10 but at the time to till our capital invested m.d spend Rs:98000 as food,refreshment,rent guesthouse,travelling exp e.t.c., now we want to return to him (i.e) all the expenses (amount will pay may be 17.08.10, how to account it in tally for the expenses of M/D . and payment entry. I need the help
whcich difference between tally version 4.5, 6.5, 9.0, erp 9
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
Audit 
