Interested to Buy Any Domain ? << Click Here >> for more details...
Furniture is Destroyed in Fire ??
Where it will effect in Balance sheet ??
- 6 Answers
- 13542 Views
- Focus, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
furniture is effect asset side isto deduted old furniture
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / syed rizwan ahmed
Debit "Exp. & Revenue Summary A/c
Credit "Furniture A/c"
Effect on Balance Sheet
Fixed Assets decreases (Assets Side)
Retained Earning decreases (Liabilities Side)
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / jeevan kamble
there should be 2 effects!
1. P&L A/C debit site
2. asset side (less from furniture )
| Is This Answer Correct ? | 2 Yes | 0 No |
Why loss shown in as Assets in Balance Sheet?
what is contra entry . plz explain with example.
gold purchse
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
what is bills payable and bills receivable?
Explain about SEC
Should we take the taxes in to P& L A/c.
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
what is the difference between accounts and finance ?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
Difference between Horizontal & Vertical Balance sheet
3 Answers Chartered Accountant,
How to make balance sheet, please advise me in details... Thankx
Audit 
