Interested to Buy Any Domain ? << Click Here >> for more details...
why net profit shown liabilities side in balance sheet
- 9 Answers
- 36704 Views
- DuPont, FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / bejjenki naveen
according to accounting terms that whenever you get net profit you transfer that to liability side,because you have to pay this(net profit) to your owner or shareholders...,Thus we always consider that net profit is liability of the company...,
| Is This Answer Correct ? | 17 Yes | 4 No |
Post New Answer View All Answers
Give ONE reason for Balance Sheet to be out of balance
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...
Define "book value" as applied to accounting
How do you prepare a balance sheet from a trial balance?
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
what is revenue recognition rule, and can you specify the answer.
MEANING OF RED HERRITING
What is the purpose of a balance sheet?
how will rectify the error in trial balance.
Please let me know Under head of Sales Advance?
what are the processes of account reconcillation
what will be the possible question for an interview in account post as a fresher
What is the difference between accrual
What is purchase returns accounting
