Answer / m.l.verma

All the Assets either fixed assets or current assets is only
shown in balence sheet not in profit & loss A/c.

Answer / madhukar

first bank a/c.is coming under current asset which is shown
in balance sheet asset side.
in case of profit & loss a/c. dr side of p&l are coming all
expencess of company or firms and cr side of pl all income
of company sales.

Answer / kannan

First of All , P/L A/c consists of Companies income and Expenses. Bank A/c is neither an expenses nor an Income, its like a lnvestment. so it should be shown in assets side of the balance sheet.

Answer / amit guleria

Bank may be either asset or liability(Overdrawn)& hence will be shown only in the Balance sheet.

Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

0 Answers  

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i want to know about Bonus and Gratuity, i am working as a accountant from July'10 some private organization is it applicable for me

2 Answers  

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What is meant by Accounting Cycle....

3 Answers   FT,

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why profit is a liability and loss is an asset?

5 Answers  

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defference between capital assets and fixed assets

3 Answers  

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If current liabilities shown in assets side of balance sheet.... what they did wrongly??? how can change the liabilty side from asset side???

2 Answers   ADI, Blue Pearl, BridgeStone, Confidential, Orion, PIPL, Vignesh, Wipro,

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i am a registerd Dealer in Delhi i have Purchase Some Capital goods can i take inpute vat banifit if yes pls spacifie.

2 Answers  

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Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.

0 Answers  

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what is the balance sheet? And also tell me about the finanacial statement?

4 Answers   HCL,

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what is sundry debtors and creditors?

3 Answers  

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What is contra entry?

16 Answers  

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could you please tell me what CRR & SLR?

1 Answers   Wipro,

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