Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is an asset and liability ?

Answer Posted / phillip theiss

the simple answer to this is what a company owns is an
asset and what a company owes is a liability.

Is This Answer Correct ?    26 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is debtors turnover ratio? What propositions should be kept in mind while working with them?

1068


why there is a price band for IPO(initial public offer)? And at what price the investor can issue those ipos?

2259


What Is Debt-to-income Ratio?

1205


What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?

1068


What Are The Joint Supervisory Teams?

1146


What Are The Various Systems Of Accounting?

1134


What do you understand by public expenditure?

1136


Can you tell about PPF Account?

1129


What Is The 2016 Eu-wide Stress Test About?

1127


What do you understand by the term Black Money?

1152


What is cashier's cheque?

1176


What Are Bearer Debentures?

1119


How will you differentiate between direct and indirect taxes?

1062


What Is Home Equity Loan?

1127


What is a listing in BSE?

1141