what is an asset and liability ?

Answer Posted / ranjani

any expenditure , the benefit of which runs for a more than
a year is an asset. Liability means all the expenditure
which is not yet paid by the entity.

Is This Answer Correct ?    2 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do you know about RBI? Tell some of its functions?

646


First indian company issued ADR,GDR,IDR

7330


Define Preference Shares?

628


What do you know about base rate?

654


What is meant by 'underwriting'?

768






Hi, I hav attended interview for SBI Clerk interview when can i Expect the Final Selection List

1679


Which newspaper do you read? Why?

689


Where Does Revenue Received In Advance Go On A Balance Sheet?

619


What is the difference between monetary policy and fiscal policy?

660


When should need to value a company using a revenue multiple vs. Ebitda?

608


What is moratorium?

671


What is the difference between wealth, cash & money?

615


Tell about fiscal policy?

687


Tell me the two types of orders issuers may issues in equity trading?

621


How can a Business firm achive growth Internally and Externally?

5708