What will be the position of the owener of the company?If
the company liablites are more than company assets .
a. solvent
b. insolvent
c. profitable
d. liquidity
- 20 Answers
- 20408 Views
- AIG, Deloitte, IBM, Infosys, LIC, Progressive, SVPL, TCS, I also Faced
- E-Mail Answers
Answer Posted / khushboo bansal
The question can be answered based on the liability of the
company.if the company has limited liability thn the owner
is not liable or responsible and therefore he is solvent.
but,in case the companies liability is unlimited the owner
will b liable to pay back all the liabilities n will end up
being insolvent.
the company can neither be in a profitable position as
their liabilities are more than the assets nor will it be
in a liquidity position as they are running short of cash.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
EXPAND_________SEB
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
Why does one need a broker?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
what is data entry? what is report generation ?in accounting how it is used .
How can I explain p2p process in SAP?
what is Ratio Analysis ?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
What si the differance between REVENUE and PROFIT?
if jj form not cancelled within 1hour,wat to do
How can retify the errors in the trial balance
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
