libilities accounts come under what type of accounts(under
real, nominal or personal) if its nominal, generally
nominal will not come in balance sheet, why we shown in
Answer / prasant m
Liabilities is a Nominal accounts,your second q is why it is
comes under Balance sheet,where as my view first we should
know why we need to prepare Balance sheet?
to find exact position of business at the year ending,how
much assets value excess over liabilities or how much
liabilities excess over assets,by that we can find what is
the business value at year ending.
|Is This Answer Correct ?||4 Yes||1 No|
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
What is Owner's Equity?
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
capital expenditure , revenue expenditure
WHO ARE THE PROMOTERS?
Cheque Cancillation Memo
state the term red ink interest. what is annuity method ?
how u find ou the closing stock
Explain "basic fundamental Assumptions"?
what is brs
write about accounting concepts, & explain in detail
what is the entry passed for sales return (sales is on credit basis)?