Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / binoy
Profit is what we owe to the shareholders or owners so it
becomes the liability of the company thats why it is shown
on the liability side.
Loss is what we own, the shareholders or owners has to
compensate the loss so for this reason loss becomes the
asset and thus is poested to asset side
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
say something about your school
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
what is profit maximisation
which subsidiary book is source of these:debit note,credit slip,
what is "goodwill" reserve and surplus and reserve with example
Detail your responsibilities in accounts receivable
What does the abbreviation dr mean in accounting?
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
What are the disadvantages of double entry system?
What are bills receivable?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
is WCT aplicable on educational institutions also??????
How do I record a prior year property tax refund on sale of asset due to overvaluation
How did you chose your university?
