Answer Posted / biju gopal
Profit is an asset to the Owners but the liability to the company because of the business entity concept ie Business is treated as separate from its owners.So all the amount keep in the business such as capital, reserves, profit etc treated as liability as it is bound to pay to the owners ie shareholders.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is 'foreign bill'?
Tell about yourself and your family background?
What is debtors turnover ratio?
What bases bank will giving secured loans to sme clients?
What is Crisil?
What are main valuation methodologies?
Have you ever had to bend the rules to get the job done. Why was that?
what is portfolio mgt and its scenerio in india? plz sugest me.
Do you know anything about Electronic Development Fund?
When was NABARD established?
what are levels of traders?
Write in short the function of Finance Department.
What is fertility rate?
What are main courses that price of the share goes up and down in daily transaction?
What's Credit card?