Accounting - Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Co

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Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.

Total Answers and Comments: 7

Last Update: July 14, 2008 Asked by: cc

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Best Rated Answer

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Submitted by: samsrikvsk

Surplus. I think government prepares only statement of utilization and that does not contain any surplus.

Above answer was rated as good by the following members:
mallela.ravikiran

April 05, 2006 09:27:07

superna

RE: Which of the following dose not included in the Go...

questions are really nice.

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April 07, 2006 03:52:32

samsrikvsk

Member Since: March 2006 Contribution: 1

RE: Which of the following dose not included in the Go...

Surplus. I think government prepares only statement of utilization and that does not contain any surplus.

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1 0

Overall Rating: +1

April 25, 2006 23:32:01

Shakil

Member Since: April 2006 Contribution: 3

RE: Which of the following dose not included in the Go...

My understanding is that the Cost is a part of Income Statement.It is not shown in the Balance Sheet.Shakil

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September 29, 2006 13:37:06

phanindra prakash

RE: Which of the following dose not included in the Go...

I think that govt. doesn't prepare a balance sheet

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0 1

Overall Rating: -1

July 07, 2007 06:54:11

anitha

RE: Which of the following dose not included in the Go...

I think Surplus Government uses all the resources for society.

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July 16, 2007 04:49:48

rama krishna

RE: Which of the following dose not included in the Go...

I think it is cost because it is a part of trading or profit & loss account

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0 1

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July 14, 2008 18:11:22

bob821023

Member Since: July 2008 Contribution: 1

RE: Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.

surplus

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