Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

LOSS IS AN ASSET OR LIABILITY ?

Answer Posted / barodianbuddy(acca)

LOSS IS NEITHER SHOWN AS ASSET OR LIABILITY. IT IS SHOWN IN P/L AND OVERALL IT REDUCES EQUITY OF COMPANY/OWNER.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

8279


EXPLAIN EACH SECTION PROVISIONS ON TDS?

1829


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1976


I WRITE GROUP-4 EXAMINATION.I STADIYING INTERMEDET HOW MANY PARSANTEGE OF GROUP-4 EXAMINETIN

3061


Role-specific management accountant job interview questions:

1030


Tell me the meaning of long-term notes payable is or long term liabilities?

1122


Explain what makes a successful account manager?

1014


hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..

2011


Definition of push down accounting

1073


if any otion in tallyerp9 version about doing Luxury tax work

2041


adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1728


If closing stock is given in adjustments, how we show in tally 9.0 ?

2037


Tell me what steps would you take to increase revenue for this company?

1002


Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1932


Tell me by saying, perpetual or periodic inventory system; what do we mean?

1164