Answer Posted / hemanshu

OWNERS OR PARTNERS OR SHARE CAPITAL ARE ALSO SHOWN AS A
LIABLITIES IN ORGANISAION. BCOS IT IS THE VALUE FROM THEN
THE BUSINESS CAN RUN. AND ONCE PROFIT GENERATE IT SHOULD BE
ADDED IN THIS VALUE. THEREFOR IT SHOWN AS A LIALILITES SIDE.

When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

1950

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X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

3583

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

1884

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all ques. related to accounts?

2155

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i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

1729

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state (5) accounting concepts and give 1 example of each

2014

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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?

2317

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What are the important things to be remembered while preparing a bank reconciliation statement?

1112

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When Tds is applicable to deduct and wht is rate for different work panel?

1960

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In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

1889

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what is addition of Opening Balance and net profit transfered from profit and loss account called

1939

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Revenue Expenditure

2143

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What is full rate on plywood box in haryana sale tax:

1885

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what is the minimum & maximum amount paid by company per day

2123

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what is book building

2286

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