Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between Liability and owners equities ?
- 2 Answers
- 5768 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
Tell me do you possess any knowledge about accounting standards?
What are accounting entities?
Capital secure should be shown in which side of the balance sheet?
How is scrap value calculated?
What are the important things to be remembered while preparing a bank reconciliation statement?
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
Into which account do we close the revaluation account balance during the winding up of a company?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
What are mis reports?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What is the dual aspect concept?
