Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Why profit is a liability and loss is an assets

Answer Posted / rajesh

as per nominal account principle allexpenses and losses
should be debited and all incomes and gains shoud be
credited

there is no question of losses debited and incomes credited

Is This Answer Correct ?    8 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the basic difference between pledge, hypothication and mortgage????

2215


Expand---------PED

2082


Clasify capital

1922


EXPAND___________NBFCS

1992


what is article of association? what is memorandum of association?

2260


How goodwill is accounted for the first time in a company .

2014


Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

2452


how we will prepare n file income tax returns for individuals?explain

2140


Expand---------PDCB

1916


Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.

2152


What is a bad credit score?

2014


please explain the uses of internate protocol address(ip add)?

2189


How can retify the errors in the trial balance

2215


if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.

1830


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2569