Why Reserves and Surplus are shown on the liabilities side of
the balance sheet.? justify your answer.
Answer Posted / imran
reserves and surplus are shown into liability side of the
financial statiment, since reserve is the money set aside
from the capital for future use hence defining surplus as a
debit in the business thus attributing to its liabiltiness,
Is This Answer Correct ? | 24 Yes | 14 No |
Post New Answer View All Answers
which subsidiary book is source of these:debit note,credit slip,
Tell me what a deferred asset is and give an example?
1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,
Tell me about an invoice discrepancy you discovered and how you resolved it
Write about the media role in daily life
What is difference between Cash Flow and fund flow
what is "goodwill" reserve and surplus and reserve with example
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What is bond ? What is capital market?
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
Explain which account is responsible for interest payable?
What is corporate assesses?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
Please provide me the entire format of P.F. & ESI
Explain what does financial statement of the company includes?