Answer / jitu

as profit is ultimately available for the owners and thats
why if we record capital on liability side so profit also
recorded on liability side

Answer / ketaki

Owners invested funds in business to generate income
source. So its liability of business to give retruns on
amt. invested by owner in forms of capital. So it shows
liability side of balance sheet.

Answer / zubair_glad24@yahoo.com

HI jetu Hi ketaki

The profit of a company is shown on the liabilities side in
the balance sheet because again profit have to be
distributed to share holder

Mohammed Zubair

Answer / hemanshu

OWNERS OR PARTNERS OR SHARE CAPITAL ARE ALSO SHOWN AS A
LIABLITIES IN ORGANISAION. BCOS IT IS THE VALUE FROM THEN
THE BUSINESS CAN RUN. AND ONCE PROFIT GENERATE IT SHOULD BE
ADDED IN THIS VALUE. THEREFOR IT SHOWN AS A LIALILITES SIDE.

Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

0 Answers  

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what is the difference between shares and debentures

1 Answers   ADP,

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Provison for payments (benefits received but bill not received at the closing of accounts)(utilites, Telephone, Rent)

1 Answers   Accenture,

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what is liability? give some entry

4 Answers   Accenture,

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

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what stock transfer applicable in sister concern unit.

0 Answers  

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What is a Special Calendar and its types

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What is the formula for acid test ratio in accounting?

0 Answers  

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WHAT IS TAX ? WHY SHOULD PAY TAX?WHAT IS THE NEED FOR PAYING TAX?

0 Answers   ADP,

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WHAT IS FORM E1 AND E2

1 Answers  

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What Is ROC? Explian briefly?

4 Answers   JK Cement,

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Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?

3 Answers  

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