Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between Liability and owners equities ?
- 2 Answers
- 5858 Views
- I also Faced
- E-Mail Answers
Answer Posted / neha
Owner's equity represents the capital i.e., the investment
in the form of cash and assets made by the owner and the
returna thereof, viz., P&L balance, general reserves etc.
However, all other claims accrued to the business by
entities other than owners constitute other's liabilities.
Total liabilities are sum total of owners and other
liabilities.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
If a transaction was missed completly how do you find it?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
What other careers are you considering?
Explain dual aspect term in accounting?
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
Tell us why did you select accounting as your profession?
Which steps in Procurement to Pay process does FI documents get created.
What is trial balance? What does an accurate trial balance suggest?
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
How is the accounting for hire purchase transactions done?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
WHERE WE CAN USE VAT 5%,14.5%
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
