In Construction related field, Work -in Progress on going Project, Which side of the B/S in ending side? It is an Asset or Liability?

In Import & Export oriented Business, Advance / Partial Payment for Importing Good from Foreign Country, this amount how we can adjust entries?

Question added by ANI GOPALAKRISHNAN , Accountant , Power International Facilities Management
Date Posted: 2015/03/09

Upvote (0) Views (7) Followers (2) Answers (2) Report Question

by Mohamed Mustafa , Commercial and Financial Manager. , Sices Misr SAE Products and Services for Oil & Gas.

will be in the asset side in b/s as a part of inventory / unfinished goods.

by Mohammad Ayoub , AR & AP Expert , Hilti Qatar

Liabilities should be on the ending side of the balance sheet.

Do you think that Ad Word's and SEO is important for a company?
Top Answer: <p><span>Both are very important go enhance business. SEO will help you position your website ... See More

Answers (8)
Double Entry system is the recommended accounting system for business enterprises.
Top Answer: <p>Mr.Muhammad Big organisations catagorize the working with departments for every particular job t ... See More

Answers (8)
The business needs, strategic plan, and product scope description all describe elements of which of the following?
Top Answer: I think all important, but C would probably have the most in it, you see as knowing the company assets of ... See More

Answers (4)
Do you think lagging behind in english language is a serious handicap for professionals and skilled personnel to advance their career in a foreign country?
Top Answer: English language is considered a global language for communication so command on it is a plus point even ... See More

Answers (10)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.