Capital is asset of the company. But why does it appear in
Liability side of the balance sheet.
- 19 Answers
- 17874 Views
- JPMorgan Chase, I also Faced
- E-Mail Answers
Answer Posted / sandipan chakraborty
Because as per the entity concept the capital is liable to
paid back.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
why do you think you are sutable candidate for this post
shares journal entries
What is Financial planning?
Short Answer on __________Leverage
Short Answer on __________Accrued interest
Define the word Profit in terms of business
Explain about Fluctuating Capital
explain the financialand economic meaning of investment?
why should we are preparing BRS
Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office
what is data entry? what is report generation ?in accounting how it is used .
What is 100% EOu? what is the benifit and what is difficulty of it?
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
