Interested to Buy Any Domain ? << Click Here >> for more details...
Profit is a asset or liability to the company....? If is it a asset or
liability....how it is....?
- 2 Answers
- 7138 Views
- ACC, Xerox, I also Faced
- E-Mail Answers
Answer Posted / raghu.v.
if its Profit,
Profit loss a/c Dr
Capital Cr
Its means profit is liability to the co.
if Loss,
Capital Dr
Profit loss a/c Cr
Its means Loss is assets to the co.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
How the sub ledgers(AP, AR) integrate with GL liability and receivable
wages posted twice what is the entry for that?
i want know how to calculate it in payroll please mail me the percentages using there ?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
In SAP FICO How many ways we are Procuring the assets in the Company?
For what purpose ERS is used for?
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
Pls Explain Accounting Standered 1,3,11,29
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
What is miscellaneous expense and when it is used
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
In sales what rule applicable
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
