Interested to Buy Any Domain ? << Click Here >> for more details...
why Balance sheet tally, why the Liabilities and Assets
will always equal.(for a business man how does it helpful,
if liabilities and assets are equal)?????
Hope I will get the accurate answer
Thanks in Advance.
- 2 Answers
- 7630 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / jagruti s.
This is because of Double Entry System of Accounting.In
Double Entry System,each transaction of business is
recorded giving equal effect to Debit and Credit sides of
Account.In other words,each transaction effects two or more
A/c(s) with equal Dr. and Cr. and so Ballance sheet tally
and the liabilities and assets will always equal.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / john
bcoz v always use in accounting entry in debit and credit amount equal so the final account balance is equal
| Is This Answer Correct ? | 3 Yes | 2 No |
Expand F I P B
what is meant by Reserves
let me know the difference between statement of affairs and balance sheet
what is leverage n detail and tpoes of leverage with iagram?
Please tell me the process of Selction of Junior Research Associate in Capitaliq(Intervie rounds&written test)
What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check
Short Answer on ___________Arbitrator
depreciation is loss or expense
what is audit
Over-hauling expenses of a secon hand machinery should be debited to ---------
treatment of P&L A/c 's balance in trial balance and balancesheet
"while Financial accounting is external, cost accouting is internal to the business" Explain?
Audit 
