Interested to Buy Any Domain ? << Click Here >> for more details...
Why we Add the net profit in the balance sheet ? Why we
shows profit in the liability side of the balance sheet?
- 12 Answers
- 20792 Views
- I also Faced
- E-Mail Answers
Answer Posted / keyul gandhi
Dear Mr. Venu
Profit of the company is a liabilility because this profit
need to be distributed to the partnes or share holders or
to the porpritor, which is not yet done
when we prepare final accounts we just arrive at the proft
figure and not the actual distribution of the profit.
Thanks
| Is This Answer Correct ? | 12 Yes | 3 No |
Post New Answer View All Answers
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
difference between vat 47 & vat 49
What exactly balance sheet depicts
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me
please specify some books name in preparing a bank exam apttirutude questions
What exactly is derivatives segment. can u explain futures and options with examples...
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
What is Accommodation Bill
Expand--------TAO
What is the process of VAT & CST Registration?
what are the models of valuation of the company
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
