Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / guest
Because profit is an addition to the capital of the
entityand capital is aliability of any business having a
legal separate entity. Loss reduces the capital, hence the
liability decreases .
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
What is capital adequacy ratio? What is demat account?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
What methods do you use to discover sales opportunities?
Please advise how to calculate net asset....
Tell me what is the master account?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
could i know how to accounting lease intrest ?
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
What Is Responsibility Accounting?
what is general accounting
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
