Liability and Assets
What are Liability and Assets in Accounting equation. Also describe it with the help of formula.
Expert
Liability and Assets are the two portions of accounting equation. Liability is always equivalent to assets of company. The liability is payable amount to owner and exterior. In case whenever businessman has not taken any loan, all liability will be equivalent to the capital of that businessman. In second condition whenever a company has not taken any loan, each and every share capital will be the liability of business.
Total liability = Owner's equity + outside equity
Discuss how to compute overall balance and explain some of its significance.
Define the term Equipment in Accountancy? Why they are used?
Why are Liabilities are so important? Write some of its Significance in Accounting?
Japanese MNCs, like Toshiba, Toyota, Matsushita, and so on, made extensive investments within the Southeast Asian countries such as Malaysia, Thailand, and Indonesia. State your opinion, what forces are making Japanese investments within the region?
Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had
In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported th
On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250
State some of the conditions under which the foreign subsidiary’s financial structure become relevant?
Normal 0
Source: O'Conner, G. C., T.R. Willemain, and J. MacLachlau, 1996. "The value of competition among agencies in developing ad compaigns: Revisiting Gross's model." Journal of Advertising 25:51-63. Modeling Cases
18,76,764
1921966 Asked
3,689
Active Tutors
1458904
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!