Interested to Buy Any Domain ? << Click Here >> for more details...
In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.
- 9 Answers
- 14659 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / anil ahuja
Liablities and incomes are always have Credit Balance and
Assets & Income are always have Debit Balance
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
What are the accounting events that are frequently involved in compound entries?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What accounts are to be debited and credited in this case o
What does overhead mean in regards to accounting?
What do you mean by Bill of Exchnage.How to manage ? Explain
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
in terms of accounting the trial balance when is it taken?
Cost Accounting
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
Define dual aspect term in accounting?
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
