0
What else can I help you with?
Should Provision for depreciation comes under current liabilities?
All provisions comes under current liabilities so provision for depreciation is as well because it is made for one fiscal year only.
What comes in debit side of balance sheet?
on the debit side of the balance sheet, we have the assets of a company. There are current assets and fixed assets and they should be equal to the Liabilities + the equity of a company.
Is land a current or non current asset?
I believe that land comes under Property, Plant & Equipment which comes under non-current. So, as far as I can recall, it should be non-current.
What assets are on the balance sheet?
A company balance sheet has three parts: assets, liabilities and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities. Another way to look at the same equation is that assets equals liabilities plus owner's equity. Looking at the equation in this way shows how assets were financed: either by borrowing money (liability) or by using the owner's money (owner's equity). Balance sheets are usually presented with assets in one section and liabilities and net worth in the other section with the two sections "balancing." Because of the asset and liabilities are presented in the company balance sheet, it can help the manager to make decision whether the company should make further investment or not. As we know, this financial statement details your assets, liabilities and equity, as of a particular date. Although a balance sheet can coincide with any date, it is usually prepared at the end of a reporting period, such as a month, quarter, or year. So, by having a good management of balance sheet, can easy to make the decision whether they should to invest more for the company by looking on the previous investment made by the company.
Why liabilities comes in left hand side?
Liabilities don't come in the left hand side. We traditionally put liabilities "credits" on the right and "debits" on the left. This dates back to Pacioli's "Summa de Arithmetica, Geometria, Proportioni et Proportionalita" where he outlines double entry (debit and credit) accounting.
What the meaning of inswance?
Do you mean insurance? (A provision, plan, or contract which comes into effect upon the happening of an unwelcome event.)
Is money lending act and provision are effective on private banking sector?
is privet banks comes in money lending act criteria
How does owning a business impact tax deductions and liabilities?
Owning a business can impact tax deductions and liabilities by allowing the business owner to deduct certain expenses related to the business, which can reduce taxable income. However, owning a business also comes with additional tax liabilities, such as self-employment taxes and potential penalties for non-compliance with tax laws. It is important for business owners to understand their tax obligations and seek professional advice to maximize deductions and minimize liabilities.
Why i for current?
Because its exact name is "current intensity". The letter "i" comes from intensity.
What does Stan for?
The bands name comes from the term automatic current- direct current.
What do you do if the person you were in love with comes back into your life but you have a current boyfriend?
If you have a boyfriend already then you've already go of that person so you should just be nice to him
Should you change any current laws about hurricanes?
There is always room for change, even when it comes to hurricane laws. Current laws about hurricanes that are good for today may not be the best laws for hurricanes down the road.
