Answer / satyakiraju

Loss always decrease the capital. Hence it is not an asset
but grouped under Indirect Expenditure

Answer / barodianbuddy(acca)

LOSS IS NEITHER SHOWN AS ASSET OR LIABILITY. IT IS SHOWN IN P/L AND OVERALL IT REDUCES EQUITY OF COMPANY/OWNER.

Answer / giri

Neither Asset nor Liability..its an income.(income includes
losses)

Answer / vikas

LOSS IS OUR ASSETS...

Answer / vignesh

loss neither asset nor liability profit after all expense in
an capital for a business in will added to capital account
in balance sheet and viceversa..

what is prudence

2 Answers  

why the profit of a company is shown on the liabilities side in the balance sheet

4 Answers  

Difference between Horizontal & Vertical Balance sheet

3 Answers   Chartered Accountant,

how to make budgeting ?

4 Answers   Accenture,

what is credit card and what is debit card

2 Answers  

What do you mean about TDS And Sale tax retrun

1 Answers  

Explain what does financial statement of the company includes?

0 Answers  

hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

0 Answers   PWC,

If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?

0 Answers  

1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======

1 Answers  

what is set off and carry forward.

2 Answers  

What is Trading Account? What is the significance of this account?

2 Answers