Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Profit is a Liability or asset?

Answer Posted / srinivas annavarapu

Business entity concept clearly indicates that the owner of
the company / business is different from the company /
business.

Based on the above concept profit is a liability to the
organisation/business as it is to be distributed amongst
the partners / share holders as it is earned against the
investments made by them.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the monetary policy?

1110


Explain debt equity ratio. What are its components? What does it indicate?

985


What causes Sub- prime crisis?

1137


Explain how to set up an employee in Tally ERP 9 for their payroll?

1049


What is 'overseas banking'?

992


What is 'foreign bill'?

1021


Difference between P&L Account and Balance Sheet?

989


I buy a piece of equipment; tell me the impact on the 3 financial statements.

1229


Which government is controlled the urban co-operative banks?

945


Under Funds Managment, where a Company can park its idle funds temporarily (like call money market, treasury bills etc.,)to maximise the returns. I need answers elaborating various channels the Conmpany can invest wisely. Any Financial Controller can narrate his experience in managing the funds, which will be very practical for us.

2252


What is meant by priority sector?

1103


What is liquidity adjustment facility?

1026


How many alpha- numeric numbers are there in total in a PAN Card?

1034


What should be the aim of successful marketing?

1088


As a student of Arts/ Science or Commerce why didn't you applied for higher studies?

1125