Profit is a Liability or asset?

Answer Posted / somya patnaik

no doubt about that profit is an liability bcoz if company
getting profit then definately he distribute between share
holder & keep something for reserve & surplus...

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is cbt in bank explain it???

2409


Explain about trims.

650


Who regulated Capital Market?

682


What does market survey mean?

683


Will Donald Trump's Presidential Election affect the Indian economy?

686






What is CAG?

710


What do you know about plastic currency?

689


What is the Liability of Share Holders in Joint Stock Company?

627


What do you understand by Bulls and Bears?

598


Name the highest civilian award in India?

630


What is 'Fixed' APR and 'Variable' APR?

699


How many types of repos are available in international market when classified with regard to maturity of underline security, pricing, terms of repo etc.?

576


Tell us about your native place and famous places near to it.

715


Why banks are nationalised?

622


What do you know about insurance? Name some insurance agencies you know?

608