Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between cash and profit?, and why
netprofit comes under capital account?
- 3 Answers
- 12558 Views
- ITC Infotech, Rolls Royce, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vaibhavi
(A) Cash is liquid assets. It is differnece between receipt
and disbursement of any cash transaction. eg. rent paid in
cash of rs 10000/-p.m. Profit is combine effect of real and
nominal accounting transaction related to expenses and
income of mercantile business.
(B) Net profit comes after crediting all income and
deducting debit expenses from them. This profit is wealth
of business for the perticular year. Wealth has credit for
the business therefore netprofit adds or comes under
capital account.
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / manuj aggarwal
Cash : In simple terms cash can be defined as a ready
liquidity which a person can use for further flows.
Profit : Profit in simple terms can be defined as a earned
monetary or non monetary benefits
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / venkatesh
The differance bet ween cash and profit is cash is the
investment to the organisation and doing bussiness and earn
some money is the profit.
| Is This Answer Correct ? | 0 Yes | 0 No |
You give a loan for your friend a 1000 rs he returns 600 rs and u have to close ur accounts what should u do to close the accounts? and given the journal entry for 400 rs?and where will the 400 rs come in new account and entry for that
11 Answers Bank of Baroda, OPI Global,
How can fictitious assets be measured or valued?
my company purchase a new Accounting (Tally) pakage how to treeated this pakage my question is it is assest or indirect expences
you did bca then why did you chose mba?
How does the rendering of services on account affect the accounting equation? a. Liabilities increase; stockholder’s equity decreasesb. Assets increase; liabilities increase c. Assets decrease; stockholder’s equity increases d. Assets increase; stockholder’s equity increases
Under which headings the following transaction appear in bank reconciliation as on 30.06.03 particulars Interest debited by bank Chq issued to suppliers not appearing in bank statement Chq deposited not appearing in bank statement Income not accounted in books appearing in bank statement
what is format of Trial balance
what is the difference between take over and aquisation?
how is cost concept extension of on going concept?
Feature of Master letter of credit of Garments manufacturing company?
Expand C O D
IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"
Audit 
