Interested to Buy Any Domain ? << Click Here >> for more details...
why profit and loss account debit balance appeare in the asset side of balance sheet?
- 11 Answers
- 40920 Views
- Genpact, HCL, Rites, I also Faced
- E-Mail Answers
Answer Posted / vinod kumar s
credit is what to be invested and debit is the debt taken as
loan from any bank so the liability side is for debit not
for credit
| Is This Answer Correct ? | 19 Yes | 20 No |
Post New Answer View All Answers
What methods do you use to discover sales opportunities?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Horizontal balance sheet versus Vertical balance sheet
how to caluclate tds from emloyees and others
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
All Interview related Questions pertaining to General Ledger,Finance & Accounts.
what is the meaning of banking
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
What are premises in accounting sense? What is vat adjustment?
Tell me how much statistics knowledge is necessary or required in accounting?
what is the entry for toll gate fee
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
how to enter the tender refund amount in tally ?
what is cost unit n what is cost sheet?
