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.
- 9 Answers
- 11776 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / dinesh
Please read separate legal entity concept.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
How can you define departmental accounting?
What is customer account?
i want to know f form and how to use and how can purchase
How Many Accounting Principale
How do you handle rejection?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
How to pass an general entry for materials which are stored in warehouses??????
Explain what makes a successful account manager?
Tell me do you think accounting standards are mandatory and why?
List out some of the examples for liability accounts?
audit under section and penalty under saction scurtiny under saction
What are the most important goals of accounts receivable?
