Answer / pravin kamble

Liabilities :- All the things for which we are suppose to
pay to sombody.

Asset :- All the the things for which we made investment &
we are receiving direct or indirect income.

Answer / urvashi sharma

assets are that things comapany owns

liability are that part of balance sheet which tells how
much a company has to payments

Answer / piramu

Liability means what are the source we are collect the fund
(fe)shares, Debenture, Loan from bank
we have to pay the moneny from the business income
the contributers will get the income by way of interest,
profit (who invest share's they are called owener)


Assets means how we are using the fund
where wear we invest the fund in order to effective utilse
the fund - through this only we can run the business and
get the profit

Answer / prof

assets are assets and others are liabilities

how we do calculate of closing stock for company. what is the process of calculation of closing stock.

2 Answers   NSL,

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Why company use sap?

1 Answers  

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credit card expenses entry kisme pass karenge

0 Answers  

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real account means

9 Answers   Infosys,

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What do you mean by AS in accounts?

1 Answers  

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which chart of accounts is used for day to day postings?

2 Answers  

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why profit is a liability and loss is an asset?

5 Answers  

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What is Reserve & Surplus? Plz give me with some Example.

10 Answers   Bank Of India, Genpact, iGate,

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prepaid expense ,how to treat in profit & loss a/c

4 Answers  

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$198 owing by Brass Instrument Ltd is to be written off as a bad debt? how to pass the journal entry for this question?

1 Answers  

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Can any one tell me about Accounting Software, which Accounting software is useful for my studies ?

1 Answers  

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what question ask in aptara for technical test questions?

2 Answers   Aptara,

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