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...

The Loss of Profit & Loss A/C Where It is Shown in Balance
Sheet Liability or Assets Why ?

Answer Posted / k.senthil

loss of profit & Loss /c shown in the assets side, This
amount receivable or responsibility from share holders or
partners, proprietor for company this is asset, when make
the profit that time adjusted their accounts. if company
make profit, company payable to all above person so that is
liability of the company

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

3351


how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.

2113


What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

2640


what are accounting principles

2005


How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

2033


we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?

3814


What is FBT & Service Tax Remittances?

2240


Define deferred tax liability?

1189


1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.

2678


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

2990


what do u meant by investment banking

2340


What are the excise duties in our state?

2506


Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?

2126


how to calculate tax for the income earners

2234


I am working as account in one of the logistics company for one year. I would like to know about service tax and how can I post necessary entries

2575