Interested to Buy Any Domain ? << Click Here >> for more details...
Why profit is a liability and loss is an assets
- 20 Answers
- 109870 Views
- Banesco Seguros, FactSet Systems, IIM, South Indian Bank, I also Faced
- E-Mail Answers
Answer Posted / k.kutty
A counter question is there. Why Share capital is a
liability? Profit is supposed to go the proprietor who
invest the money. So the place of a profit is there where
share capital is. Loss is not actually an asset like land,
furniture, stock or other intangible assets. Due to the
mechanisam of the Balance sheet and a loss always has a
debit balance it appears in the part of Asset side.
| Is This Answer Correct ? | 46 Yes | 10 No |
Post New Answer View All Answers
what are the financial ratios that a manager see in accounting?
what are the suggestions to control NPA in rural areas?
why do think you are best candicate for this post.
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
what salary you expect???
write about an e-mail to manager seeking permission for leave
Expand---------PCDB
EXPAND___________NPO
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
shares journal entries
Short Answer on __________Leverage
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
How can I find out my credit rating score for free?
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
