Log in

View Full Version : What will be asset and liabilities


monwar71
Feb 19, 2014, 01:17 AM
Some directors purchase some share from ABC Ltd. as face value by cash or account payee cheque and additionally give some machinery to ABC Ltd as goodwill of ABC Ltd.. ABC Ltd how will shown the machinery in Balance Sheet of ABC Ltd ?In this connection what the liabilities against the machinery in the book of ABC Ltd.

pready
Feb 19, 2014, 07:55 AM
Liabilities are not affected in this transaction, only Assets and Owners Equity.