Answer Posted / amit jain
because assets = capital + Liabilities
that is why capital is shown as liability side
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
what are cost accounting and its applications?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
How P/E ratio usefull to the different people?
Explain what is the disadvantage of double entry system?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
As you know any other accounting application?
Tell me what is reversing journal entries?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
What are the differences between accounting and auditing?
What is an interlocking accounting system?
What is mean by Asset area?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
What are the criteria for accounting job?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same