Why we Add the net profit in the balance sheet ? Why we
shows profit in the liability side of the balance sheet?
- 12 Answers
- 17648 Views
- I also Faced
- E-Mail Answers
Answer Posted / hems
Because owner or propriter of a company make all prepaid
expense to comtinue companies affairs..
when it profit obiasily it should be addjest is capital
account or visa-virsa.
it is not a particular theory.. but an example..
HEMS......
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
why cost center is assign to gl account in sap
distinquish between liquidity ratio and asset management ratio
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
What is the Accounts Payable & Accounts Receivable ?
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
Expand---------EDP
what are the questions commomly asked in reuter's interview.?
When is a dedit note raised When is an expense booked
can i have practical examples of AS-30
What is T+2 rolli g settlement cycle?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
