did assets generate the liability or liability generate
assets?
Answer Posted / rahul
at the time of purchasing assets, the payment of assets is
made by cash or credit and credit purchases becomes the
liabilities.and some expenses are prepaid that becomes
assets.
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What is current CRR and SLR?
Will I Have To Go To Court?
What do you know about Digital India?
Is the leader and manager same for any organization?
What is the bank charge for 'overdraft protection' service?
Explain different types of insurance policies.
reasons for popularity of consumer credit in india
What is operating ratio?
What do you mean by interest coverage ratio?
Brief us all about what you know about Hughes Systique.
What is derivatives market in a lay man language?
What is Subsidiary Company?
What is inventory/stock turnover ratio?
What percent of revenue is contributed for CSR by the MNCs
When one party enjoys credit facilities by more than one banks who works in coordination with each other under a formal arrangement, what is the arrangement?