Interested to Buy Any Domain ? << Click Here >> for more details...
Why should balance sheet always get tallied ?
- 3 Answers
- 8371 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ritesh.k
bakance sheet shuld always get tallied as we follow double
entry book keeping system &according to it every Dr. should
have corresponding Cr. & until balnce sheet dont get
tallied it dont show the proper financial picture of the
company or a person.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / ashwin.khambete
the main reason behind is we follow dual aspect concept and all the transactions if posted correctly gives the same figure on both the sides.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / h.r. sreepada bhagi
Balance should match, otherwise it is not correct. This is
because of Dual Aspect Concept (i.e. Debit & credit in every
business transaction should match) If Balance Sheet does not
match, it can not be called by that name (It will be
incorrect & so will be IMBALANCE SHEET)
| Is This Answer Correct ? | 2 Yes | 1 No |
Expand NSDAQ ?
fill in the Blanks Working Capital is current Assets__________________
Three steps for correction in BRS?
Hi all of you my name is Purushottam Kumar i would like to ask this question to every user of this site.My question is 'Where does losses goes in Share Market'?
is India apply IFRS now?
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
Expand---------MNOP
calls in arrears come under which group in tally?
how accountant calculatee depriciation
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
what is the difference between gross profit and net profit?
Is the the invoice number and voucher no will be same most of the time or it should be same?
Audit 
