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
- 11857 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / vikas
thanks 4 the answer....
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What Is Differ tax,
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
What are assets minus liabilities?
What was your average accounts receivable days outstanding/days sales outstanding?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
Explain me the basic accounting equation?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
what do you mean byrecoupment of shortworkings in royalty accounts
What is vat adjustment?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
What is absorption costing with defination? and what is marginal costin with defination?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
What's the accounting entry when an Invoice is created in AR?
What is the networth percentage observe by banks
Explain under what type of account does the unearned revenues fall?
