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.

payment voucher for advance salary

0 Answers  

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if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.

2 Answers  

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What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India. If the VAT rate changed of any state what will be the impact of CST.

3 Answers  

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What is an ea in accounting?

0 Answers  

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claim of workers pf esic contribution as expenditure in profi & loss a/c under head manufacturing or Administrative exp ?

2 Answers  

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Difference between outstanding income and accrued income?

8 Answers  

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I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

0 Answers  

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I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers  

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Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

0 Answers   Wipro,

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What are the 5 basic accounting principles?

0 Answers  

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a proprieter company purchase a software what is the journal entry in tally ?

10 Answers  

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genteral interview question for accounting

2 Answers   Capital IQ,

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