what is the balance sheet? And also tell me about the
finanacial statement?
Answers were Sorted based on User's Feedback
Answer / syed iliyas
Balance sheet is a statement which monitor the financial
position of a company at any particular date by comparing
how much of asset it has earned during the period and how
much of the company liable to the others
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / punita
Balance sheet is the statement which shows financial
position of the company which tell us whether comapany have
sufficient assets to bear its long term as well as long
term liabilities.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / mayur patel
very simple, balance sheet means deference between liabilities and assets of the company. financial statement is indicate to the real situation of the company by using the balance sheet.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kusum
Balance sheet is a statement which monitor the financial
position of a company at any particular date by comparing
how much of asset it has earned during the period and how
much of the company liable to the others
| Is This Answer Correct ? | 0 Yes | 0 No |
What is accrual concept?
Tell me what a deferred asset is and give an example?
what is reccission?how it is started
what is core Accounting? explan in brief?
What is the difference between cost accounting management accounting and financial accounting?
A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.
f-form is issued for transfer of good.is issued on purchsing amount or sale amount on which tax is paid.
What is accounts receivable?
Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.
14 Answers Genpact, IMK, MMS,
1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.
ADR DEFINE
What is Account receivable & Account payable ?