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Accounting Entries 265 views 4 replies
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jobless
263 Points Posted on 11 November 2016
why sometimes building is shown liabilty side of balance sheet
?¿

kindly help me ¡😊
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On 11 November 2016 at 23:00 Report
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student and self employed
39 Points Posted on 12 November 2016

when it is hypothicated to some attachment or loan.

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On 12 November 2016 at 23:16
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jobless
263 Points Posted on 12 November 2016
Tnk u soo much sir ¡ for ur kind reply

sir, in case of any fire occured in the building.....

By virtue of that the building account has been credited

(would u kindly tell me the reason sir)
why it has been credited
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On 12 November 2016 at 23:34
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student and self employed
39 Points Posted on 13 November 2016
It is credited because its value diminishes....and when the value of any asset diminishes it is credited
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On 13 November 2016 at 00:11
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jobless
263 Points Posted on 13 November 2016
Tnk u so much sir 😊
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On 13 November 2016 at 00:16


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