If net profit is a profit why does it appear on the
liability side of the balance sheet
Answer Posted / moti
because capital is treated as liablities in accounts and
the treatment of net loss or profit is either substracted
or added in capital for knowing the increment of capital
or decrement of capital.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is the uniform public construction cost accounting act?
EXPAND_________SEB
Can anyone mail journal entries for me? my Mail id rukmini@live.in
in which group under we will open donation and hamali weekly payment account or ledger
is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing
please send me last 3 years question & solution
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
Difference between cash and merchantile system?
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
Which entry we pass self entry like cash withdraw for ourself
how to solved the shares qusionas ?
please provide wct retun guide line how can prepaire that
Entrance Exam question & Answer required