Why Reserves and Surplus are shown on the liabilities side of
the balance sheet.? justify your answer.
Answer Posted / nilesh
reserve and surplus are shown liabilities side because the
percentage of net profit portion is keep aside for further
losses due to whatever so that time this portion profit
which is used in losses.
| Is This Answer Correct ? | 10 Yes | 4 No |
Post New Answer View All Answers
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?
As you know account executives need to be talented salespeople. Do you have experience making sales?
What is entry of Dishonored cheque issued to supplier
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
Explain me fair value accounting?
What is service tax & excise?
Explain how you can adjust entries into account?
What is normative accounting?
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
Assigning natural account to accounting seg. What will happen
Wha is difference between expenses and expenditure
what is casual receipt? is it exmpted in income tax?
what role did you play in collections?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system