Interested to Buy Any Domain ? << Click Here >> for more details...
Why Reserves and Surplus are shown on the liabilities side of
the balance sheet.? justify your answer.
- 4 Answers
- 46593 Views
- Infosys, Muthoot Group, I also Faced
- E-Mail Answers
Answer Posted / zam
An important question why reserves and surplus are shown on
the assets side of the balance sheet. To answer this question
lets know about the principle of accounting "Convention of
conservatism" states that "anticipate no profits but for
provide all possible losses .Therefore reserves and surplus
are so created to meet the contingencies of the business .Here
contingencies are those obligations which may or may not to be
paid .However, in order to pose any future liability reserves
are created so that a business may not hamper on such events
and hence it the liability for the business.
| Is This Answer Correct ? | 48 Yes | 26 No |
Post New Answer View All Answers
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
Explain compound journal entry.
Why we debit expenses and credit incomes ?
on the basis accounting,acounting is divided in to how many classes and what are they?
Knowing what you know now, walk me through what you would do differently to drive even more success?
Other accounting interview questions to expect when you interview for an accountancy job include:
Mention the types of ledgers?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this.
Wipro Limited
Dear candidate
Your Resume has been selected by ( Wipro Limited). I have attached your
Interview Process letter with this email. Kindly see the attached file.
Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm,
Company Website – www.wipro.com
Note - And more details you send a email Company
Email Add – career@wiprolimited.in
Best Of Luck
For More Details Please Click Here
Wipro Limited Dillution effect on EPS What Is Responsibility Accounting? the selling price of a prouduct of vintex limited inclusive
of basic excise duty 16% and education cess 2% and SAH cess
1% is rs 3002. find the assessable unit of prouduct? I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me. what is the amount withdrawlfrom other cbs branch by multicity
chequ book. in Tally
what is cost cenre,cost categori
and why we need to prepare them
