Answer Posted / sunil kumar pattuvakkaran

According to Separate entity concept Owner & the business
are not one& the same. The company is entirely different
from its owners.
When Business making profit ,its should be liable to give that profit to Partners.Hence its a liability in the view of Business Firm.When business making loss, its partners is liable to give that amount to business.I.E business wants to that much amount recovered from partners.So Loss is asset , in the view of business firm.

what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

2583

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What is fixed liabilities

1983

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What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?

2220

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what is the main difference between nse & bse operations

2064

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Do v call director in the partnership firm?

2148

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Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

2179

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tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?

4823

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Total numbers of companies listed on stock Exchange?

2553

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what do you mean indirect expanse in trading business?

2284

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Short Answer on __________written Down value

1937

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i want know how to calculate it in payroll please mail me the percentages using there ?

2074

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What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

2048

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What is accounts payable?

2150

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how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.

1956

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please explain the uses of internate protocol address(ip add)?

2233

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