GeekInterview.com
   Home |  Tech FAQ  |   Interview Questions |  Placement Papers |  Tech Articles |  Learn |  Freelance Projects |  Online Testing |  Geeks Talk |  Job Postings |  Knowledge Base | Site Search |  Add/Ask Question

GeekInterview.com  >  Interview Questions  >  Accounting  >  Accounts Receivables
Go To First  |  Previous Question  |  Next Question 
 Accounts Receivables  |  Question 34 of 43    Print  
Capital Amount Liabillities and Assets
Why is Capital amount put in Liabillities and not in Assets


  
Total Answers and Comments: 2 Last Update: June 17, 2008     Asked by: Vimala Sridhar 
  
 Sponsored Links

 
 Best Rated Answer

No best answer available. Please pick the good answer available or submit your answer.
June 03, 2008 02:56:52   #1  
ravi.sankhyan Member Since: June 2008   Contribution: 2    

RE: Capital Amount Liabillities and Assets
Because there is concept in the business i. e. business entity concept. According to that concept business and its owner,(incase of joint ventures etc) and in case of company its share holers both are seprate and can't bound to each other with their works.  When owner takes something from business that is trated as drawing and less from the capital.

Tha other reason is to maintain the account balance.

when someone invested capintal in the business then he must gave a assets to busniess and along with that assets gave a liab to business

 
Is this answer useful? Yes | No
June 17, 2008 05:50:44   #2  
carajes Member Since: June 2008   Contribution: 2    

RE: Capital Amount Liabillities and Assets
The answer is very simple.One of the basic convention in accounting is separate legal entity.It means the business is different from those who manage it.When i contribute capital in to my business,it is liability to my business to repay it to me.
 
Is this answer useful? Yes | No

 Related Questions

You’ve been asked to prepare a bill for services. What information should be included in the bill?

1)Which type of assets should be capitalized and when expense out?2)Which type of assets expense out or when? 
View Question | Asked by : rashid

we are expecting one project of Infrastructure Creation Company. Their nature of business is to create infrastructure. Presently they are constructing a road for 49 Kms. They construct and maintain the 
View Question | Asked by : venkat

Why is Capital amount put in Liabillities and not in Assets  
Latest Answer : The answer is very simple.One of the basic convention in accounting is separate legal entity.It means the business is different from those who manage it.When i contribute capital in to my business,it is liability to my business to repay it to me. ...


 Sponsored Links

 
Related Articles

Use Your Assets for Attitude Development

Use Your Assets What are Assets The dictionary defines an asset as a valuable or useful thing or quality The fact of the matter is whether we are rich or poor we all have assets On the flipside of that coin we all have liabilities as well The trick is to learn how to use the former by discarding the
 

The Interview Snafu

How to turn someone else’s mistake to your advantage Your dream job is about to become reality. A recruiter gave you the heads up about the perfect position at Humungous Conglomerate, Inc. You went through five interviews as well as a battery of psychological tests mandated by their HR de
 

Winning a Job Interview with a Winning Resume

Does your resume unlock your potential, take your skills to the highest level and win you the interview and the job you want now? The job market today is highly competitive and even if you think you have what it takes to get an interview you won’t get over the line without a polished, prof
 

Importance of Proper English during Job Interview

Importance of Proper English during Job Interview Your job interview is crucially important and it will determine whether or not you will get the job Depending on the type of job you re going for it is very important for you to use proper English In most cases jobs which offer higher salaries will h
 

HR Interview - HR Interview Mistakes You Will Want To Avoid

HR Interview Mistakes You Will Want To Avoid The job interview can be a stressful process This is especially true for those who are going after a competitive position Your nonverbal communication combined with the answers you give during the interview will determine if you are hired mosgoogle While
 

HR Interview - Behavioral HR Interviews

Behavioral HR Interviews As the name implies a behavioral interview is an interview that is held by a human resources department to determine if an applicant has the behaviors that are appropriate for a job The company must know how an applicant will behave in a certain situations mosgoogle The logi
 

HR Interview - How To Prepare For Your HR Interview

How To Prepare For Your HR Interview Before you begin thinking about how you are going to dress for the interview it is important to do your research first You should learn everything you can about the company you wish to work for When you have detailed information about your employer you will conve
 

HR Interview - Telephone Interview Etiquette

Telephone Interview Etiquette When you conduct a telephone interview for a job it is important to show the proper etiquette Not only is it important it is critical is you wish to be hired by the company There are a number of things you will want to do and other things should never be done mosgoogle
 

HR Interview - How To Succeed At HR Interviews

How To Succeed At HR Interviews There are a number of things you will need to do in order to make sure you pass the interview process Your appearance is something that you will want to pay close attention to Even if you feel that your appearance shouldn t be a factor in whether or not you re highere
 

HR Interview - Do's and Dont's in a HR Interview

Do s and Dont s in a HR Interview There are a number of things that you will want to avoid during the HR interview process While some of these things are directed at the interviewer the other things are directed at the applicant If interviewers fail to follow the proper procedures throughout the int
 

Sponsored Links

 




About Us  |   Privacy Policy  |   Terms and Conditions  |   Contact  |   Site Map  |   Add Question  |   Propose Category  |   RSS Feeds  |   Articles Sitemap  |   Site Updates  |   Add Resource

Copyright © 2005 - 2008 GeekInterview.com. All Rights Reserved
Page copy protected against web site content infringement by Copyscape