why the profit of a company is shown on the liabilities side
in the balance sheet
Answer Posted / zubair_glad24@yahoo.com
HI jetu Hi ketaki
The profit of a company is shown on the liabilities side in
the balance sheet because again profit have to be
distributed to share holder
Mohammed Zubair
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
if my salary is 12000 per month how much i will get after deducting PF an ESI
What are its characteristic features of financial accounting?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
How is an accounting department structured?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
What is batch input? why we use batch input session in SAP(FICO)?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
Describe the proof of cash type of bank reconciliation?
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
what is dmat charges?
what is the procedure to appoint an Austrlian citzen as indian company director...
What is Statory Books ?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.