In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
Answers were Sorted based on User's Feedback
Who told you expenditure will be placed under assets side.
Expenditures will be be deducted from revenue and income or
loss will be arrived. Profit will be added to capital and
losses will be deducted from capital account. you know
pretty well that capital account will be placed under
liabilitieds side. You simply note down that expenses or
incomes will not find place in balance sheet
|Is This Answer Correct ?||33 Yes||1 No|
Answer / vadlakondav
Thank you sankeerthana actually i confused regarding this
question one of my friend told me this. any way thanks for
|Is This Answer Correct ?||6 Yes||0 No|
Answer / mannavarr
dear sankeerthna ur job is good. what is the use of visit
ur website realaccountant.com, i can't understand what is
there in site
|Is This Answer Correct ?||1 Yes||0 No|
Dear sankeerthana I had just now visited your recommended
site to Vadlakonda. As you said it is really worth
visiting.Regular visit with that site will help unemployees
seeking better jobs
Thanking you fo the suggestion.
|Is This Answer Correct ?||0 Yes||0 No|
Answer / n k gupta
All Liabilites to the business has to be on liabilities
side and indcome to the business is owners Asset i.e
Shareholders. thats the reason all income is also liability
|Is This Answer Correct ?||2 Yes||2 No|
Answer / anil ahuja
Liablities and incomes are always have Credit Balance and
Assets & Income are always have Debit Balance
|Is This Answer Correct ?||2 Yes||3 No|
Answer / vikas
thanks 4 the answer....
|Is This Answer Correct ?||0 Yes||1 No|
claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?
What is the full form of GAAP?
what is the job profile for Account Manager.
WAT ARE ACCOUNTING PRINCIPLES
what is contingent liabillity ?
PAID TO SALARY FOR JASIL 1500.JASIL LOAN 500
How to Finalized Accounts? Please Guide.
iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?
What are the types of liabilities accounts?
WHAT IS CASH DISCOUNT & TRADE DISCOUNT?
Tell me in balance sheet, where do you show tds?
WHAT IS MEAN BY CONTRA ENTRE? & WHERE IT IS USE.