Tell me why do we calculate loans & advance on the asset side of the balance sheet?
Submitted by: Administratoradvances on asset side are those advances which are paid for now but realize at future date. so it is an assets to the company. And Loan on assets side ate those loans which are given by the company and to be recovered in future with interest. so it is an asset to the company.
Submitted by: Administrator
Submitted by: Administrator
Read Online Fixed Assets Job Interview Questions And Answers
Top Fixed Assets Questions
| ☺ | What are fixed asset? |
| ☺ | What is the difference between the different depreciation methods? |
| ☺ | What is the meaning of non performing assets? |
| ☺ | What are the various means of calculating depreciation? |
| ☺ | After run depreciation i have forget calculate depreciation of one asset then how to calculate depreciation of that asset? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
