Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
The purpose of any business entity and its promoters is to
earn profit and ensure the growth of the organisation to
maximise profit & wealth over the years. To know the profit
earned or loss incurred & also the status of assets &
liabilities the books of accounts are closed at the year end
and Profit & Loss Account for the period & Balance Sheet at
the end of that year are prepared.
Balance Sheet shows the status of Assets, Liabilities &
Networth as at the end of any accounting period. From this
the promoters can decide whether the business is worth
continuing or not & can compare the growth year-on-year for
teh last few years.
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
what is difference between budgeting and Forecasting
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
What was your most complicated sales cycle in past positions?
What is the dual aspect concept?
Tell me in which account does the unpresented cheque will get recorded?
What is difference vat
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
What is aggregate Liabilities ?
How do you classify errors in accounting?
