In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.
Answer Posted / dinesh
Please read separate legal entity concept.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is difference between Cash Flow and fund flow
Types of errors in account
Role-specific management accountant job interview questions:
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
What does the financial statement of the company include?
Tell me where do generally accruals appear on the balance sheet?
what made you take up present subject/area of specialization and what would you define as your career objectives
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
Tell me how many types of business transactions are there in accounting?
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
what will be the entry for inventory
Describe a time when you have not met your goal?
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?