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chandu


{ City } hyderabad
< Country > india
* Profession * accountant
User No # 26919
Total Questions Posted # 0
Total Answers Posted # 17

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 243
Users Marked my Answers as Wrong # 40
Answers / { chandu }

Question { 6515 }

what is live stock?


Answer

domestic animals kept for use on a farm and raised for sale
and profit.So it is shown on the debit side of profit and
loss account.

Is This Answer Correct ?    2 Yes 4 No

Question { 9735 }

what is an asset and liability ?


Answer

Asset means which is not meant for resale and which is used
in the business for a longer period. For example Land,
building, furniture, building , goodwill etc.
Liability means the amount which the company is liable/
payable to the outsiders. For example creditors, bills
payable etc.

Is This Answer Correct ?    13 Yes 5 No



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