Answer Posted / abhijtipatalia

Hi,

Owner and the Company/Firm are both the different entities.
Owner's Equity itself is a liability for the firm/Company
as the owner has invested it into the firm.

Hope this helps.

Thanks,
Abhijit

plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

2009

---

what is Ratio Analysis ?

2341

---

i want the difference p&l a/c and Income and expediture statement

2089

---

why you want to join the banking and finance industry?

4688

---

we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

2084

---

explain about mergers & aquisitions? asked on 30/7/09

2084

---

what is the use of special general ledger if the normal trasaction in usage.

2093

---

EXPAND___________IMF

2200

---

what is operational risk and market risk in basel 2 norms.

2158

---

whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1707

---

Depreciation method to using Indian company names

2227

---

The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690

7486

---

What is Compliance?

2148

---

while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2111

---

what's accounts payable

12232

---