Cash in hand-5000,Cash at bank-4000, Bill receivable-
3000,Bills payable-5000,Bank loan-6000.Calculate total
liability of the firm?
Answer Posted / rohit bajaj
RS 11000 IS LIABILITY OF THE FIRM
| Is This Answer Correct ? | 51 Yes | 2 No |
Post New Answer View All Answers
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
How to create a liability for Service Tax in SAP
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
Pls tell me the basic rules of accounts for interview in finanace or accounts section
Do you have any idea about gst?
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
what is consignment entry?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
under which ledger should i make opening work in progess and closing work in progress
What are the columns of a journal?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
Define "book value" as applied to accounting
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
What are the characteristic features of financial accounting?