Interested to Buy Any Domain ? << Click Here >> for more details...
capital is a assets but its shows in liability side. why?
- 11 Answers
- 18728 Views
- I also Faced
- E-Mail Answers
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
in terms of accounting the trial balance when is it taken?
What is bond ? What is capital market?
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
Private purchases amounting to rs 5000 have been debited to purchases account
what is general accounting
how can we get a leaverage in intraday market if are not a professional acount holder?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
What is vendor?
WHAT IS OPERATING CYCLE?
In the balance sheet, where do you show tds?
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
Why in KE5Z report in SAP Accounting Data not found?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
What is budget variance analysis?
