capital is a assets but its shows in liability side. why?
- 11 Answers
- 15713 Views
- I also Faced
- E-Mail Answers
Answer Posted / rajesh
In my view, the business is different from individual, and
as the capital is introduced from out side so there arises
the liability for its redemption/pay back on business
closure. Although, the same capital is reflected in form of
Fixed Assets and other asset items.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Which accounting application you prefer most and why?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
journal entry for goods withdrawn for personal use
Our is a banking Activity, one person is supplying printing advertisement sheet of our product, whether he is liable to deducte TDS @ 1%
Explain what does the standard journal entry includes?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
Where do we create House banks and what is the process in sap fico
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
Tell me do you think accounting standards are mandatory and why?
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
non cash or bank income or expense
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
What is absorption costing with defination? and what is marginal costin with defination?
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
