The liabilty positions of
1.sole proprietor
2.Partnership
3.Company
Answer Posted / naveengokarapu@gmail.com
for soletrading- UNLIMITED
for partnership- Unlimited, Joint and several
for Company-- Limited to the extent of share
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Expand---------TDCB
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
which are company offering jobs in PORTFOLIO MANAGEMENT ?
what about case study
what is controlership?
where we use the convetion of conservatisam in real life??
Accounting related interview questions on ibm
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
what are the importance accounting entries for AP and AR process in interview..
Expand---------NPTO
Take me through the entire vendor cycle.
Short Answer on ______________Import Trade
explain Dual entry concept