Interested to Buy Any Domain ? << Click Here >> for more details...
libilities accounts come under what type of accounts(under
real, nominal or personal) if its nominal, generally
nominal will not come in balance sheet, why we shown in
balance shhet?
- 1 Answers
- 4165 Views
- I also Faced
- E-Mail Answers
Answer Posted / prasant m
Liabilities is a Nominal accounts,your second q is why it is
comes under Balance sheet,where as my view first we should
know why we need to prepare Balance sheet?
to find exact position of business at the year ending,how
much assets value excess over liabilities or how much
liabilities excess over assets,by that we can find what is
the business value at year ending.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
what is account & what is finance
What is compensation theorem?
Expand---------PSRT
How i pass the share holders capital entry in Tally? How to set this option in Tally?
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
What goals do you have in your career
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
what are micro-cap, small-cap, mid-cap, large-cap companies?
Expand BEMS
why funds management doc is generated during migo and miro
Expand-------SCAN
• What is depreciation and the method?
Expand---------NPTO
Expand---------BPCD
Why does one need a broker?
