Describe the Balance Sheet?
- 2 Answers
- 6561 Views
- Cognizant, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anil sheoran
Balance Sheet is the statement of company's all assets and liabilities. Its a statement of financial position of the company. We shows all the liabilities on the left hand side and all the assets on the right hand side.One can know the financial position of any company by examining the balance sheet.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / shaik suraj
balance sheet is prepared to know the financial position
of the business .
balance sheet is prepared after trading & p&l a/c.
the assets &liabilities will be shown in "t"form assets
on right side liabilities on left side.
it is astatement of assets &liabilities.
| Is This Answer Correct ? | 2 Yes | 0 No |
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason
What is the use of 2a, 2b & 2c form in CST ?
is it related to b.com syllabus or puc syllabus
0 Answers AIM Research, Bank of Baroda,
which will be the assessement year for2010-11.
Tell me what is public accounting?
tally interest entry journal entry income expance entry
Tell me why do you apply for a job of an account executive?
What account payable entry
Tell us what is icai?
What are the major difference between US GAAP & Indian GAAP.? Where US GAAP is exactly & highly differenciated from Indian GAAP..? Your answer will be highly appreciated. Thanks in advance.
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
Audit 
