Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / guest
Because profit is an addition to the capital of the
entityand capital is aliability of any business having a
legal separate entity. Loss reduces the capital, hence the
liability decreases .
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
Mention whether the account "cash" will be credited or debited when a company pays a bill?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
What other careers are you considering?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
What is the entry for provision?
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
What are the advantages of double entry system?
Define depreciation and its types?
Explain what is gaap?
Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
how can we get a leaverage in intraday market if are not a professional acount holder?
Can you name any other accounting application?
what is subscription order
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
