Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is asset and what is liability ? why in B/S both will
tally at the of the accounting yr or financial yr as the
case may be ?

Answer Posted / sunil

Asset means the property which we owned.Liability means
which we have to pay.To know about the position of an
organisation .

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i want to know f form and how to use and how can purchase

1922


What is the marginal cost formula?

1175


What is the procedure of submit bank guarantees and cancellation.

2609


Tell me what is ledger?

3992


What is meaning of invoice?

1274


IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?

2211


What is cash flow and fund flow?

1145


iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

2061


A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?

2163


What is bad debt expense?

1128


What is the master account?

1086


what is the journal entry for gas connection taken by company for preparing tea and coffee.

2375


What is the use of accounting?

1153


What is accounting ethics?

1106


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

2254