Answer Posted / h.r. sreepada bhagi

As per Business Entity Concept, the business unit owes
capital & reserves 9accumulated profits or retained
earnings) to the contributors like Shareholders, Partners or
Proprietors, so it's shown on the Liabilities side of teh
Balance Sheet. This is money is an asset of the contributor
and not of the business unit which has a distinct existence
from it's owners.

can any one send me tally professional version link

1639

---

Anti Takeover policies

2064

---

how sales invoices adjusted against advance received from Debtor?

1891

---

Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1534

---

Wha is difference between expenses and expenditure

1809

---

What is the difference in accounting and marketing?

1040

---

adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1735

---

Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?

1945

---

what is inter-company transaction? what is Inter-Branch transaction?

8801

---

Why do users of accounting information need accounting information?

1016

---

How is an accounting department structured?

1037

---

Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

1044

---

What is the limitaion of the Trial Balance?!

2147

---

what is difference among credit, loan, advance

1861

---

how many types excise audits and when they are applicable to firm

2070

---