Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / giri
By definition, Liability is something which
someone/somebody has some obligation to pay to someone.
From companies point of view, the profit earned by company
must be distributed among the shareholders at the time of
liquidation. So, It is certainly liability.
It cannot be treated as an asset because asset is something
which can give future cashflow or reduce the cashflow in
future and profit cannot do both of those.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
How is trial balance different from balance sheet?
What is a ledger account?
What is para banking?
Explain About Business Process Visualizations?
Who are the latest Noble Prize Winners?
What Is Overdraft Protection?
Tell about current five year plan and newly formed NITI Aayog?
How do you differentiate between Marketing and Sales?
What are 'capital receipts'?
Why you quite your job in six months??
What is balloon payment?
What are term loans? What are the features of term loans?
What Is Negative Amortization?
How Is The Single Supervisory Mechanism Organised?
What is the procedure in constitution to merge a place into another state?
