why the debit balane of p&l a/c shows in asset side of
balancesheet
Answer Posted / faruk.id
P&L A/c debit balance means oever exp. on income , as per
nominal rule expenses is debit so it is recorded unsder
asset side in balance sheet
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
What is SOX
Short Answer on __________Leverage
I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Define Bill of Exchange
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
What is 100% EOu? what is the benifit and what is difficulty of it?
How Many Types of Excise Duties?
• What are the types of cash flows?
what is the meaning of Processing Vendor/Employee payments
an amount deducted from the catalog price for an item of merchandise is called?
Give a brief explanation of the fundamental accounting concept of prudence
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com