Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

Profit is a Liability or asset?

Answer Posted / subash

Profit is asset..but we wil show it in liability side as it
is belongs to share holders so company has to give it to
shareholders...so we r showing under liability side.

profit with respect to company it is a liability as it has
to pay it to shareholders.

Profit with respect to shareholders it is a asset.

Is This Answer Correct ?    96 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between stock market and new issue market?

256


What is the role of banks in strengthening the economy?

238


What is the role of HR in an organization?

280


What do you mean by 'cheque endorsing'?

259


How will you define e-commerce?

266






What do you mean by return on capital employed? What does it indicate?

209


What is Statutory Company?

247


How do you calculate the rate of return on a stock?

207


What is the difference between unemployment and underemployment?

231


What is return on shareholder s funds? What does it show?

224


Explain about NBFCs?

269


What Is The Monthly Close?

248


Can you differentiate between cheque and draft?

255


Can profits of a company ne known from its balance sheet?

269


What do you know about seventh pay commission?

253