capital is a assets but its shows in liability side. why?
Answer Posted / vijay007in
First of all capital is not an asset. its a liability of the
company. it may ( Investment)asset of the owner or share
holders. for the company point of view its liability to pay
to concern.So
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Tell us how can you define departmental accounting?
As you know any other accounting application?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
what is t code of gr/ir report?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
what is mean by sample account and data transfer rule in SAP FI?
director wife expenses which entry
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
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
what is the rate of vat,cst,in mumbai
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
What do you know about this position?