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

Take me through the entire vendor cycle.

2000

---

why may types of accounts

2239

---

How Are The Balance Sheet And Income Statement Connected?

1204

---

What is the process of VAT & CST Registration?

2522

---

1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

2088

---

How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

2378

---

In sales what rule applicable

1905

---

What are events occuring after the balancesheet date?

2219

---

What is Inventory Control?

5091

---

why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?

2204

---

While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.

1850

---

what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.

2411

---

different between acconting and elective mathematics

2222

---

What is Hot Issue Income for Hedge Funds?

8729

---

What is the difference between reserve and provision.

2267

---