what is assets and liabilities tally theory in Marathi
Asset:- The thing / items which are not a regularly Purchase / Sold are known as Assets. E.g.:-Furniture, Building, Machinery, Cash, unsold stock, Vehicle, due from the debtors.
Liabilities:- Liabilities is that sum of money which the business owns to outsiders for ex. Capital (amount invested by proprietor to start the business) Loan taken from bank or friends, relatives, money to be given creditor (supplier).
what is income, what is expenses? what is debit and credits, what is assets? what is Liabilities? www.tallyaurangabad.com
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