Interested to Buy Any Domain ? << Click Here >> for more details...
An accountant used the horizontal layout to create a balance sheet. The capital of the owner was shown next to the liabilities, the confused owner argues, "My capital is my major asset and should be shown as an asset on the statement of financial position. how to begin explaining the misunderstanding to him????
- 0 Answers
- 1971 Views
- Moon Corporation, I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
EXPAND______________PLIP
What is capital gains?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
What is Amalgamation?
Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B"
Explain Hybrid system of accounting
What is JJ form? and it's uses
4 Answers GRB Dairy Foods, Wipro,
WHAT IS CORPORATE ACTION?
PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally
how to maintain E-Commerce companies accounts
whatis meant by contigent liability
how to do finalisation account ,pls tell me step by step ?
Audit 
