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.

plz send me the accounting questions and answers of bank of america.

1946

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What do you mean Business

2309

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3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2237

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hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

2085

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Where to enter bonus and pf esi in tally pls help for me

2061

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in what form is crr kept in RBI?

2524

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WHAT IS CORPORATE ACTION?

2219

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WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION

2063

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what is cnc machine hour rate? how it is calculated?

5160

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what are the type of cash flows?

2778

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what are the certificates needed at the time of SBI clerical interview?

2220

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please provide wct retun guide line how can prepaire that

2500

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what is contigent liabilities? whats it status in balance sheet?

2270

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what would you contribute for bhels growth

2115

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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

2118

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