Why profit is a liability and loss is an assets
- 20 Answers
- 103413 Views
- Banesco Seguros, FactSet Systems, IIM, South Indian Bank, I also Faced
- E-Mail Answers
Answer Posted / jagdish sherla
The profit is liability because when the company close the
business the profit will be distributed in the ratio of
shares profit. And Loss is an asset because when the
company close the business all the assets are sold and
clear the dues of sundry creditors.
| Is This Answer Correct ? | 34 Yes | 30 No |
Post New Answer View All Answers
how there face in lvbank interview
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
what is the system of accounting and banking in cooperative bank?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
is it necessasary to make a partnership deed
who is the pramotar?
plz send me hsbs finance questions asked in the interview ans appitude also
Expand---------PDCB
differences between liabilities and assessts
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
How and by whom the Percentage of Depreciation is fixing?
what are the suggestions to control NPA in rural areas?
what is the frienge benefits tax?what is usefull?
What is communicating
