An accountant used the horizontal layout to create a balance sheet. The capital of the owner was shown next to the liabilities, the confused owner argues, "My capital is my major asset and should be shown as an asset on the statement of financial position. how to begin explaining the misunderstanding to him????
No Answer is Posted For this Question
Be the First to Post Answer
what is main rule of accounting?
what do you mean by fixed asset?
25 Answers Baba Group, Capital IQ, Orchid,
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.
Please give me jounranl entry for following Paid on account Rs. 15000...
how to prepare HSD statements in tally
what is open item management?
What are the Functions of Accounting
what is the difference between time keeping and time booking?
How do you handle lack of direction or working in chaos
What is the Branch Accountant Responsbilities ?
How should you treat money donated to improve a building, which is a permanent endowment?