why all the people prepared balance sheet like liabilities
and assets ? why not we prepared like assets and liabilities
Answer Posted / shilpa solanke
DEBIT SIDE WE ALWAYS RECORDED EXOENSES & CREDIT SIDE INCOME
THEN HOW WE CHANGE PLACE TO DEBIT SIDE ASSETS & CREDIT SIDE
SIDE LIABILITIES.CAUSE ASSETS IS A INCOME & LIABILITIES
EXPENSES OR CAPITAL
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Distinguish capital and Revenue receipts
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
While selling fertilisers can we charge VAT on excise duty.
What are different types of reports made in tally
What Settlement details are required on the delivery instruction slip?
Clasify Loss
Expand----------SAMC
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
what is sevice tax? on what service tax is applicable. explain with examples?
How can a shopkeeper maintain the daily data in tally
in which group under we will open donation and hamali weekly payment account or ledger
what is corporate accounting?
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
Expand SCERT