Answer / binoy

Profit is what we owe to the shareholders or owners so it
becomes the liability of the company thats why it is shown
on the liability side.

Loss is what we own, the shareholders or owners has to
compensate the loss so for this reason loss becomes the
asset and thus is poested to asset side

entry tax calculate on purchase +freight inward or not

1 Answers   IBC, Raja Housing,

---

while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

0 Answers  

---

we received from chq from particular firm.how to make entry in tally9.0? And Particular firm under which group.(Sundry debtor or sundry creditor?

7 Answers   Banking,

---

Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

0 Answers  

---

Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

0 Answers  

---

---

what diff. between laibilities and provision?

5 Answers  

---

How we can transfer stock from our punjab firm to our chandigarh firm

2 Answers   Infosys,

---

what are profitability ratios?

4 Answers   BA Continnum Solutions, FirstSource,

---

WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE

4 Answers  

---

Describe the Balance Sheet?

2 Answers   Cognizant,

---

Withhold Tax Types

0 Answers   Accenture,

---

Tell me do you think accounting standards are mandatory and why?

0 Answers  

---