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.

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

3357

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What are the purposes of maintaining control ledgers?

1102

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What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

2519

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is it related to b.com syllabus or puc syllabus

2327

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what is cost unit n what is cost sheet?

2219

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What is the difference between perpetual and periodic inventory systems?

1117

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what is core accounting?

2315

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What is use of statistics in accounting?

1081

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hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?

2318

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Where do generally accruals appear on the balance sheet?

1141

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Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

2653

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Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received

2117

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How calculate holding company account?

2131

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In accounting, are assets a permanent account?

1273

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What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?

1683

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