did assets generate the liability or liability generate
assets?
Answer Posted / rohit roy
when a company get started or opened then a liabilities is
made on behalf of the company to the propitor.in against
this liabilities the cash balance is made which is the
assets of that company.
here liabilities generates assets.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Define banking?
What has been your greatest achievement uptill now?
What Are Various Functions Of Rbi?
What are the advantages of ratio analysis?
What are the basic documents a person requires to open an account
reasons for popularity of consumer credit in india
What is Repo Rate and Reverse Repo Rate? Can you tell the basic difference between the two?
Previous market close was 16729.94 and it opens at 17520.02 why?
what is group in Tally ERP 9?
What is 'overdraft facility'?
A system of 'fiat money' is being used in india. What is that?
Any comments on G20 Summit?
How many types of promissory notes are there?
What is the source of income for NIACL?
What are basis points?