Why profit is a liability and loss is an assets
- 20 Answers
- 104758 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 is meant by Nostro Reconciliation
pls send me capital iq quition paper pls, ihave 2mr interview thanks
What is wealth maximisation
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
i have working in contruction company i want billing outside delhi pls. tell me can i bill with tax invoice party provide tin no.
What are Corporate Action?
Is interest of a business unit Operating Expense or Non Operating Expense
tell me about roll model as father
what is your achievements?
Tell me the steps for Import and Export Thanks
What is Insider Trading ?
What is EBITDA
what is mean by T and E cosept
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
