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...

why profit is a liability and loss is an asset?

Answer Posted / roshan

profit is a liability to company bzs it should be
distrebuted to share holders
but not in case of loss means reducing in the capital

Is This Answer Correct ?    7 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is difference among credit, loan, advance

1851


how to create salary and pf statement in excel sheet?

2059


why we multiply no. of purchasing year with average profit

1976


HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.

2022


What is the networth percentage observe by banks

2029


What are control ledgers? What are the purposes of maintaining it?

1132


Explain what is accrual accounting?

1041


what is different between leaser of subsidary book and journal?

1948


What are the fictitious assets?

1081


what is share application money pending allotment?

4055


please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

2287


payment voucher for advance salary

1382


what is retention? how caculate on asset

2253


VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

2090


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

1774