Interested to Buy Any Domain ? << Click Here >> for more details...
why we have to post loss on assets side
- 1 Answers
- 4392 Views
- I also Faced
- E-Mail Answers
Answer / binoy
Profit is what we owe to the shareholders or owners so it
becomes the liability of the company thats why it is shown
on the liability side.
Loss is what we own, the shareholders or owners has to
compensate the loss so for this reason loss becomes the
asset and thus is poested to asset side
| Is This Answer Correct ? | 12 Yes | 1 No |
HOW TO CALCULATE INPUT TAX CREDIT (ITC) ?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
Can pls tell me difference between simple cash book & accrued cash book?
List of Indian accounting standards and international financial reporting standards
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
0 Answers Franklin Templeton, TTC,
difference between outstanding and accrued exp.?
what is budgeting and steps required to configure this.
1 Answers Meru Cabs, Virtual Studio,
What is the formula for acid test ratio in accounting?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
What is the Basics of Bank Reconcialiation ?
What is the revenue recognition principle?
Audit 
