Answer Posted / amit jain
because assets = capital + Liabilities
that is why capital is shown as liability side
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
How to prepare HSD statements in tally
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
how to pass journal entries for reverse tax on input tax paid
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
what is the difference b/w gain and profit?
pls let me know double entry of 'LEASING"
why we multiply no. of purchasing year with average profit
What are the 4 principles of gaap?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
How the Entry passed for Loss of Payment