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.
Answer Posted / vikas
thanks 4 the answer....
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Into which account do we close the revaluation account balance during the winding up of a company?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
what is revenue recognition rule, and can you specify the answer.
You are a B.E Student? How can u manage Banking?
What is accounting for plant assets?
Define bills receivable?
Define depreciation and its types?
all GL Related Interview questions with answear
How to make deductions of the employees from salary against the loan in AP module oracle R12
paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
When we paid TDS on commission how will journal entry come
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
is goods in transit will be liable for entry tax ?
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally