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...

Whether Goods receipt is an Asset or liability?

Answer Posted / iqbal

Goods Receipt is an asset if whole remains ideal at the
time of balance sheet it will show the asset side of
balance sheet.If part of goods consumed balance will shown
as closing balance on B/S as CS

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Definition of push down accounting

1156


what is groups and and ledgers in tally can you give why we need to prepare them

2570


Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

2523


Role-specific management accountant job interview questions:

1109


A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

2248


our cheque to Arshad Khan was dishonored?

1457


what is retention? how caculate on asset

2372


whats the sales tax slab and company's turnover professional tax slab

3418


say something about your school

3178


What is peach tree accounting?

1138


what are the voucher entries for depreciation in tally and when?

2561


Tell me an example of a tough decision that you had to make?

1119


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1918


How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500

40607


What are the steps involved in project implementation?

1250