Interested to Buy Any Domain ? << Click Here >> for more details...
Why should balance sheet always get tallied ?
- 3 Answers
- 8229 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 |
are you in need of accounting interview book. pl ask me with your e-mail for free book
What is Meany By MIS Report?What are things covered in the report?
33 Answers Axis Bank, ChemLine, College School Exams Tests, Crisil, HCL, Pioneer NF Forgings, Ram Infotech, Robust Silicons, Suzlon,
What do you means strength of a person in accounting term
EXPAND_________VAT
working capital and variance cost and funds flow and cash flow and gaap and surplus and
what is TDS ?
Answered but misspelled pl correct THE LIABILITY POSITION OF A PARTNER IN A FIRM (ANS.DETILNUIM)
what is the difference between secured loan and unsecured loan. please explain
Can v transfer trail balance to journal entry how and with example?
0 Answers Bandhi, iQor, OPI Global,
Expand ________AAR
why are capital account shown in liabilities side what is meaning of capital account in balance sheet
what is capitaemployed?
Audit 
