Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / priya
It is treated seperate from its owner.On the basis of this
concept the proprietor is treated as a creditor for the
businnes,and it appears on the liability side of balance
sheet.Thus this concept thus requires to make a distinction
between (1)personal transactions and (2)business
transactions.
This is the basic and fundamental concept
| Is This Answer Correct ? | 15 Yes | 5 No |
Post New Answer View All Answers
Expand ________FIPB
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
what is the difference between accounts manager and finance manager?
What is the content of purchase order? n content of voucher? what is the main use of voucher.
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
What is the procedure to become charted accountant in India now. Please answer this is urgent
how Mis reports are used?n why it is used ? explain
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
what is the difference between financial accouning and financial management?
what is dieerence between capital cpapital structure
How to Calculate PF with interest or without interest.
what is futures and options?
How is the expenditure of developing a modified product treated?
Short Answer on ________Ad-Valorem Duties
