What is an asset, an expense, a liability, revenue and
equity?
Answer Posted / suryakant lokhande
Assets commonly divided into two parts,
1.Fixed Assets : Includes Land & Builing,Fixtures,Motor Vehicles etc
2.Current Assets : Plant & Machinery from which is the source of Revenue.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Mention why some asset accounts have a credit balance?
how many types of currencies are there in oracle r12
Tell me by saying, perpetual or periodic inventory system; what do we mean?
how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come
What is account payee cheque? Expand ctc cheque?
what are doucement required under registration of properity firm. give the answer breif
formula of reduction in tax credit of vat form 201(gujarat)
Tell me do you think there is any difference between inactive and dormant accounts?
Explain a time when you have not met your goal?
Explain me what is important to effective market analysis?
1.recivable and payble 2.pf,tds,esi
What is general entries for Deffered Tax?
What is the general entry for charge on bank overdraft
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
DIFFERNCE BETWEEN RESERVE AND FUND?