Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sheraz hassan
Bank OD would be shown on the Liability Side of the Balance
Sheet in the Current Liabilities.
It can also be shown on the Asset side in Negative Figure
with current assets. Conceptually this procedure is
acceptable but standard do not provide any detail for this.
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
how many schedules are there in accounting?
I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
plz send me hsbs finance questions asked in the interview ans appitude also
Please do tell me about the questions which are asked at BACS FINAL ROUND.
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
what is the difference between accounts manager and finance manager?
interest paid comes under which head
What do mean by Computerization of accounts
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
EXPAND______________ICT
What are the types of journal categories available in the Oracle AP?
Define control account Thanks
what is meant by cash purchase?
