Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

why all the people prepared balance sheet like liabilities
and assets ? why not we prepared like assets and liabilities

Answer Posted / arbind kumar pandey

It can be written. If we write debit in place of credit and credit in place of debit the result will be same but we write accounting in the earlier form because it is accepted conception.

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is inter-corporate deposits? and where it is shown in balance sheet?

3870


what are valuation accounts?

2037


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

2043


How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?

2209


Expand ----------GIDB

2118


what is Journal Entries?

2154


Expand--------TOS

2269


Short answer on _______Amendment

1968


Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

3297


What are Mortgage Payment Problems?

1970


what is a depository?

2806


Short Answer on __________Event

2046


Which entry we pass self entry like cash withdraw for ourself

1632


Entrance Exam question & Answer required

1977


what is general HR?

2159