Whether Goods receipt is an Asset or liability?

Answer Posted / mubarak

ya it is an asset

Is This Answer Correct ?    15 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

1789


Why did you choose the a-levels you did?

629


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

1579


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

948


how to create salary and pf statement in excel sheet?

1486






how to prepare brs statement for company in tally

2785


One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2146


What is your greatest achievement and why?

596


what do you mean byrecoupment of shortworkings in royalty accounts

3329


goods worth rupees 440 distributes free among the poor?

1599


Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2336


Let me know the liability positions of Partners

1486


pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

1672


In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

1036


What is diffrence Between GPF and EPF?.. can anybody explain..?

1654