Liabilities and Assets in Balance Sheet
Why Liabilities are always on the left side and Assets on right side in the Balance Sheet?
Expert
This is nothing although convention.
In United States they state Assets on the left side and Liabilities on the right side.
The accounting equation is as: Assets = Liabilities + Stockholders Equity
As you can notice the assets are on the left and Liabilities are on the right. On Balance sheet the Assets are reported initially and Liabilities and Stock holders Equity subsequently.
Specify intuition behind NPV capital budgeting framework?
Normal 0
What was the link between progressivism and the women’s rights movement?
1. Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is
A legal process that allows a debtor, either a person or a business, to redundant some or all of the debt. The normal process involves selling asset and using the proceeds to pay off creditors in an order and/or in an amount determined by a judge. Some types of bankru
List the benefits of investing through the international mutual funds?
Explain how the Eurocurrency is formed.
Explain characteristics of the international and the domestic banks.
Define the term Short Term Solvency Ratio?
Write down the chief categories under which budgets are divided?
18,76,764
1922099 Asked
3,689
Active Tutors
1442539
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!