Interested to Buy Any Domain ? << Click Here >> for more details...
Profit is a asset or liability to the company....? If is it a asset or
liability....how it is....?
- 2 Answers
- 7334 Views
- ACC, Xerox, I also Faced
- E-Mail Answers
Answer Posted / raghu.v.
if its Profit,
Profit loss a/c Dr
Capital Cr
Its means profit is liability to the co.
if Loss,
Capital Dr
Profit loss a/c Cr
Its means Loss is assets to the co.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
what is automatic payment in sap fico
What is Analysing
Expand--------SOT
how history is helpful for banking?
Under the accrual basis of accounting incomes are recognised at the time -------------------
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
reason for difference in Balance sheet (Asset side & Liabilites side)
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
Expand RMP
my qustion is what is H foam and where use
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
what is Functional Specification in SAP FICO?
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
EXPAND___________INMA
