Answer Posted / binoy
Capital is a contibution by the shareholders. So the
company owes the shareholders. Hence, it is shown as an
liability
Is This Answer Correct ? | 12 Yes | 8 No |
Post New Answer View All Answers
WHICH QUESTIONS ASKED IN EPFO IN 2009.
What do you mean by balancing of ledger account?
how many types of currencies are there in oracle r12
How do you add/remove a payment block for particular invoice ?
Define retail banking?
What is the important of computerized accounting to manual?
what is differnce between balance sheet of a bank & a company
Define a company's payable cycle?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
Which accounting applications are your familiar with?
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
How time sheets are maintained?
Who created snapit accounting?
What is meant by public accounting?