Interested to Buy Any Domain ? << Click Here >> for more details...
why loss is posted on asset side in balance sheet?
- 2 Answers
- 5755 Views
- Vijaya Bank, I also Faced
- E-Mail Answers
Answer Posted / libin kulamuttom
Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.
| Is This Answer Correct ? | 14 Yes | 4 No |
Post New Answer View All Answers
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
WHAT IS OPERATING CYCLE?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
entry for cash received from debtors
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
what is a corporate chart of accounts and its purpose?
What is dividend warrants?
What accounts are to be debited and credited in this case o
What and How to compute an unsecured balances?
