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 difference between speculation & investment?
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
Define the word Profit in terms of business
what is the system of accounting and banking in cooperative bank?
why are you selecting for the controlling area same company code?
I need all WNS interview questions
what are the steps used in UAT in Oracle Apps?
What is difference between cash flow and funds flow?
Expand--------TAO
does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP
what is the reason for balance sheet not getting tallyed
why would you like to opt nbp
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
What Are The Characteristics Of Modern Accounting?