Answer Posted / deepika
liabilities are debts,they are amount whichthe firm owes to
creditiors
liabilites= assets-capital
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
Define executive accounting?
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
Pls let me know Job profile for Account Manager.
What are the different branches of accounting?
Recent banking question for 2015 interview for scale2 exam of sbm
what made you take up present subject/area of specialization and what would you define as your career objectives
If a transaction was missed completly how do you find it?
How to Automate requirment mapping in QC?
What is the difference between cfa and csa?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
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?
What is balance sheet and off balance sheet?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax