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 to entry cash & credit card sales in Tally ERP in One sales vocuher pls help me in this?

6 Answers  

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Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.

1 Answers  

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Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital

3 Answers   Firm, Wipro,

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which expenses are covered under indirect expenses

4 Answers  

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What is meant by public accounting?

0 Answers  

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how we pass commission entry when we give to other with tds ?

1 Answers   GFS,

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is it related to b.com syllabus or puc syllabus

0 Answers   AIM Research, Bank of Baroda,

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Every year very huge amount of depreciation debited at any of company's account, which is actually non cash expense, now where actually amount goes at the year end?

3 Answers  

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What is normative accounting?

0 Answers  

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the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively

1 Answers  

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How to calculate excise duty?

4 Answers   Capital IQ,

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why we are considering the net profit as liable in balance sheet

5 Answers  

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