capital is a assets but its shows in liability side. why?
Answer Posted / madhukumar
capital is a liability to organization because we are
investing amount into the business. and we dont know whether
we'll get it back or not... soo it was been posted to
liability side
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
In South Africa, the value added tax is administered by?
director wife expenses which entry
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
Tell me how many types of business transactions are there in accounting?
Tell me why do you apply for a job of an account executive?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Do you know company's payable cycle?
Explain what is account receivable?
Tell me how you can adjust entries into account?
What is cash flow and fund flow?
how to calculate the per unit cost of production
Do you know public accounting?
What is the purpose of financial statements?
EXPLAIN EACH SECTION PROVISIONS ON TDS?
Mention the types of ledgers?