UrbanPro

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

This is a question for students of commerce stream. Human resource is not shown as an asset in the balance sheet; though managers claim that it is the most important asset of an enterprise, especially the service oriented enterprise. What could be the reasons for not recognizing human resource as an asset on the balance sheet?

Asked by Last Modified  

11 Answers

Learn Class XI-XII Tuition (PUC)

Follow 0
Answer

Please enter your answer

Accounts, Economics, Business Studies Tuition

This is due to the following reasons : 1. The basis for determining the Value of this Asset. 2. Absence of any existing accounting standards for the same, 3. The possible tax implications.
Comments

Commerce Solutions

Human resource is definitely the most important asset of any organisation. It channelize the other assets as well.The conventional accounting practice does not allow non measurable items in balance sheet. Slowly corporate world is recognizing the importance and role of human resources which results to...
read more
Human resource is definitely the most important asset of any organisation. It channelize the other assets as well.The conventional accounting practice does not allow non measurable items in balance sheet. Slowly corporate world is recognizing the importance and role of human resources which results to human resource accounting. Its an extension to conventional accounting. Its still not mandatory but big corporate houses have started following it. read less
Comments

CA. RK Sahoo

Human can't be converted into money, that means we are not able to evaluate the monetary value of human.
Comments

Human Resources are not recorded directly. Good employees benefit organization in many ways. Post-sales client relationship, financial records and statements and many more things. So, it is recorded in form of goodwill. I am not sure whether intelligent people here may agree with me or not. But still,...
read more
Human Resources are not recorded directly. Good employees benefit organization in many ways. Post-sales client relationship, financial records and statements and many more things. So, it is recorded in form of goodwill. I am not sure whether intelligent people here may agree with me or not. But still, i seek their expert opinion. Thanks read less
Comments

Because of 'Money Measurement Concept' which states that only the transactions and events that can be measured in monetary terms are recorded in the books of accounts.
Comments

Image Consultant with over 5 years experienced into Life Skills, Business Consultant, PD

In accounting only those things which can be measured in monetary terms are recorded. We can't put a monetary value to efficiency and hence it cant be recorded.
Comments

expert in project works

Because people cannot be depreciate, owned. Peoples are treated as intangible asset.
Comments

Accounts &Economics Home Tuition (XI,XII,B.B.A&MBA)

In accounting only those things which can be measured in monetary terms are recorded. We can't put a monetary value to efficiency and hence it cant be recorded.
Comments

Accounts Coaching

Because of Money Measurement Principle only those transaction and events are recorded which can be valued in terms of money.
Comments

PGT ACCOUNTS

Because it's not having any monetary value or not having financial characters
Comments

View 9 more Answers

Related Questions

What are the books to be referred for gate exam.
Download NPTEL videos and notes related to your stream and make your own notes from them. for practice purpose, join ACE or Made Easy or Gate Forum online exams. This is sufficient to crack gate with good score.
Kirthika
A boat running upstream takes 8 hours 48 minutes to cover a certain distance, while it takes 4 hours to cover the same distance running downstream. What is the ratio between the speed of the boat and speed of the water current respectively? A. 2 : 1 B. 3 : 2 C. 8 : 3 D. Cannot be determined
Let the man's rate upstream be x kmph and that downstream be y kmph. Then, distance covered upstream in 8 hrs 48 min = Distance covered downstream in 4 hrs. x x 8 4 = (y x 4) 5 44 x =4y 5 ...
Srikanth
0 0
7
What is the value of Sec360?
Sec (360) = 1/Cos(360)=1/COS0=1/1=1
Ramana

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Recommended Articles

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more