what is Assets & Liabilities ?
Answer Posted / pravin kamble
Liabilities :- All the things for which we are suppose to
pay to sombody.
Asset :- All the the things for which we made investment &
we are receiving direct or indirect income.
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
Explain what a deferred asset is and give an example?
What is the difference in accounting and marketing and what is so different about them?
What is the equation for acid-test ratio in accounting?
how to pass entry in tally Rs 50000 cheque paid to son by father
Mention what is bank reconciliation?
Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
What qualities have you got that would make you a good accountant?
Please give me as example of service tax & Vat Posting through Tally.
how to assign the cost center to GL Account in SAP (FICO)
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
How the Entry passed for Loss of Payment
how can i settle the party ac with cr & dr
EXPLAIN EACH SECTION PROVISIONS ON TDS?
What are the characteristic features of financial accounting?