Why profit is a liability and loss is an assets

Answer Posted / malik

profit is income so that it is asset.loss is not an asset

Is This Answer Correct ?    14 Yes 213 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can we calculate the total income of the company.

1663


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1808


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1730


what are valuation accounts?

1681


Expand---------MRDT

1909






What is money measurement concept

1767


Expand ________FOR

1838


please provide wct retun guide line how can prepaire that

1986


Expand---------SDRT?

1547


in a every intervew asking one common question why you are living current employer, which is the best answer

2665


HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?

1597


how Mis reports are used?n why it is used ? explain

1629


What is the defination of job costing, batch costing and contract costing?

3788


tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4405


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1401