Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / libin kulamuttom
it is an amount invested by the propraitor to start a busines.As per accounting entity concept the owner and the firm has seperate entity.so it shold be treated as a loan given by him.Hence in companies point of view,it has the liability to repay the amount in future.so capital is a liability.
| Is This Answer Correct ? | 93 Yes | 4 No |
Post New Answer View All Answers
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Explain the accounts payable cycle
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
What is fair value accounting?
How Many Accounting Principale
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
Tell me what are the three factors that can affect your cash flow and business profitability?
Tell me did you use accounting applications at your previous companies or prefer working manually?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
what is basic general accounting.
Explain me your current/former role, your responsibilities, and how success is/was measured?
what is the meaning of banking
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
