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.

how sales invoices adjusted against advance received from Debtor?

0 Answers  

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sold merchandise at rs 11,000 price and received in cash 9,000 what will be the journal entry

2 Answers  

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Mention the types of accounts involved in double entry book-keeping?

0 Answers  

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Have you ever made mis reports and what are they?

0 Answers  

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what is BRS? How to prepare it?

5 Answers   Deloitte,

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what is capital revenue and capital expenditure?

3 Answers  

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salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

0 Answers  

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what are accounting standards

1 Answers  

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please tell me what is journal entry for salary: Gross Salary 10000 and net salary 75000.

3 Answers   Synergy,

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What is Accounts Recivable & Payble???

2 Answers   HCL,

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I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.

0 Answers  

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we can transfer stock between two firms with same name but prop. is different.

0 Answers  

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