In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
Answer Posted / n k gupta
All Liabilites to the business has to be on liabilities
side and indcome to the business is owners Asset i.e
Shareholders. thats the reason all income is also liability
|Is This Answer Correct ?||2 Yes||2 No|
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
is we can prepare any account for partnership in tally
Pls tell me the basic rules of accounts for interview in finanace or accounts section
What are a debit note and credit note with an example?
Where do we create House banks and what is the process in sap fico
What are the reasons which cause pass book of the bank and your bank book not tally?
which report give the data of GL with materials details in sap?
Tell me how many types of business transactions are there in accounting?
How to prepare in yearly turnover?
in trading credit why does goods sent on consignment come?
Explain fictitious assets?
i want to wearies heads under direct expenses and indirect expenses
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
Explain me is any difference between inactive and dormant accounts?
Describe the proof of cash type of bank reconciliation?