Why profit is a liability and loss is an assets
Answer Posted / biswajeet biswal
we knew that capital has credit balance and we show it liabilities side of balance sheet so when our profit increases at that time our capital also increases so we show it on liabilities side of balance sheet and in case of loss it is vice versa
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
how to prepare mba finance for interview questions
What do you mean Business
What is Analysing
hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in
plz send me a solved paper on SBI of clerk post
What is DECR And for wt it is used?
What part can management policy play in the analysis of cost behaviour?
emplementation of accounting standerds in Bangladesh, developing or copieng?
What is written off?
What is Split And buy-back?
fiscal year variant Vs posting period variant
where does the closing stock appears in the trial balance?
Expand-------BANT
what is Exposure ?
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?