Answer / aijaz

Loss will be displayed on liability side under Profit & Loss
A/c as Current Year Profit/Loss +/- Last Year Profit/Loss.
Calculate as per Profit/Loss.

Which is the adjustment which is not a part of Trial balance but a part of Balance sheet ?

9 Answers   Genpact, HSBC,

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SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

0 Answers  

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Explain me the difference between public and private accounting?

0 Answers  

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What is the general classification of accounts that usually ledger account involve?

0 Answers  

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What is an accounting loss?

0 Answers  

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What is properties or real accounts?

3 Answers  

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Define fictitious assets?

0 Answers  

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A computer purchased for the use of Branch & payment would be made by company. What would be the entry in the books of Branch ?

1 Answers  

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Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-

0 Answers  

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Mention what does the investment of personal assets by the owner will do?

0 Answers  

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purchased books rs.50000 and paper 25000

4 Answers  

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why land is not depreciated.........?

9 Answers   HP,

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