Answer Posted / sudhish sharma
WHEN BALANCE SHEET IS PREPARED ON CURRENT MARKET VALUE AND WITH ALL INCOME,WHEATHER TAXABLE OR NOT,EVEN REAL INCOME WHICH IS NOT COSIDERED FOR TAX PURPOSE.INCOME OF OTHER PERSON WHICH BELONGS TRO THE PERSON IS ALSO INCLUDED IN THIS.AND SAME IN BALANCE SHEEET SOME ASSETS WHICH ARE NOT PURCHESED IN THE PERSONS NAME BUT HE IS THE OWNER,WILL ALSO INCLUDED IN BALACNCE SHEET.THIS SHOWS THE SHEDOW OF HIS ALL REAL INCOME,EXPENDITURE,ASSETS AND LIABILITIES.
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
What is the double entry system explain its rules with examples?
what is basic general accounting.
Explain dual aspect term in accounting?
How P/E ratio usefull to the different people?
What do you mean by balancing of ledger account?
have you ever been involved in an invoice dispute? How did you manage the problem?
How to post advance paid to a supplier in oracle jd edwards
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
Define partitioning in accounting?
Do you think accounting standards are mandatory and why?
Tell me what is working capital?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
what is the Differed Tax Liability & How it is calculate ?
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Pls tell me the basic rules of accounts for interview in finanace or accounts section
