Interested to Buy Any Domain ? << Click Here >> for more details...
what are all the items comes under balancesheet(liability
side & asset side) step by step.& also trading and p&l
account. somany companies asking this type of question .
please tell me...
- 7 Answers
- 111213 Views
- IBM, IBPS, Thomson Reuters, I also Faced
- E-Mail Answers
Answer Posted / m v sivaiah
SOURCES OF FUNDS
PARTNERS CAPITAL ACCOUNT
PARTNERS CURRENT ACCOUNT
SECURED LOANS
UNSECURED LOANS
APPLICATION OF FUNDS
FIXED ASSETS
Original Cost
Less: Accumulated Depreciation
CURRENT ASSETS, LOANS & ADVANCES
a) Inventories
b) Sundry Debtors
c) Cash & Bank Balances
d) Other Current Assets
e) Loans & Advances
Less: CURRENT LIABILITIES & PROVISIONS
a) Current Liabilities
b) Provisions
Net Current Assets
P&L ACCOUNT
REVENUE
Sales & Services
Other Income
EXPENDITURE
Cost of Goods Sold
Administrative & General Expenses
Finance Charges
Depreciation
Net Profit Before Taxes
Less: Provisions
- For Current Tax
Less:
- Interest on Partners Capital Account
- Remuneration to Working Partners
Net Profit after tax transferred to partners account
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What are the basic assumptions in accounting?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
What is the definition of accounting?
Define depreciation and its types?
What are control ledgers?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
how to individual capital account.
What is cost accountancy?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What is accounting period?
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
