why net profit shown liabilities side in balance sheet
Answer Posted / nishant kumar
Because Profit is liability of the business for its
propriters or share holders.
| Is This Answer Correct ? | 37 Yes | 3 No |
Post New Answer View All Answers
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
i am normally accountant. i am not a CA. then i learn a account maintain
bank releted question interviw plz tel me
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
How did you chose your university?
Explain me is any difference between inactive and dormant accounts?
How do you handle rejection?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
Explain compound journal entry.
What's the accounting entry when an Invoice is created in AR?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
How can I put Bank Guarantee Receipt entry in Tally ERP9?