Interested to Buy Any Domain ? << Click Here >> for more details...
libilities accounts come under what type of accounts(under
real, nominal or personal) if its nominal, generally
nominal will not come in balance sheet, why we shown in
balance shhet?
- 1 Answers
- 4114 Views
- I also Faced
- E-Mail Answers
Answer / prasant m
Liabilities is a Nominal accounts,your second q is why it is
comes under Balance sheet,where as my view first we should
know why we need to prepare Balance sheet?
to find exact position of business at the year ending,how
much assets value excess over liabilities or how much
liabilities excess over assets,by that we can find what is
the business value at year ending.
| Is This Answer Correct ? | 4 Yes | 1 No |
Expand----------SAMC
category of acccount
what is audit
i want to deregistar my sms banking at axis bank
wat is contra Entry
paid two years rent N1200, bought Motor van for cash N3000
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three
What is the meaning of Revenue?
explian depriation? asked on 30/7/09
what is the treatment of frieght paid on purchase of fixed asset? & where it shold be shown?
3 Answers Infosys, John Fowler,
What is the difference between Depriciation and amortization?
What is current liability
Audit 
