why the profit of a company is shown on the liabilities side
in the balance sheet
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.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Explain me by saying, perpetual or periodic inventory system; what do we mean?
Other accounting interview questions to expect when you interview for an accountancy job include:
our cheque to Arshad Khan was dishonored?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
Explain what does the standard journal entry includes?
Differentiate between provision and reserve?
What is purchasing order?
what is t code of journal voucher report with amount?
what is t code of all expences general legder?
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
List out some of the accrued expenses and the accounts in which you would record them?
What are the objects of cost accountancy?
Why you want to change???