Interested to Buy Any Domain ? << Click Here >> for more details...
how to read balance sheet ? and at first which thing you
see in balance sheet ?
- 3 Answers
- 6374 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohd. moinuddin
the first thing you see in balance sheet is the balances
i.e, liabilities and Assets of the company
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / govinda_mahato05
We have to see the major component of Balance sheet contain of both sides i.e. Liabilities and Assets.
A balance sheet measures three kinds of variables: assets, liabilities and shareholder's equity.
Assets are things like factories and machinery that the company uses to create value for its customers.
Liabilities are what the company owes to outside parties, say to its vendors.
And equity is the money initially invested by shareholders plus the retained earnings over the years.
These three variables are linked by the relationship: Assets = Liabilities + Shareholder's equity.
Both assets and liabilities are further classified based on their liquidity, that is, how easily they can be converted into cash.
| Is This Answer Correct ? | 3 Yes | 0 No |
what is concept of accounting
Which accounting applications are your familiar with?
What are the effects when intangibles and tangible assests decrease
the amount paid aganist the outstanding salary and the amount paid aganist the loan (liabilities)-how and where to make an entry?
Debit Card Come Under Which group in Tally 9?
How do I charge bank charges on payments to clients
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
Capital secure should be shown in which side of the balance sheet?
Private purchases amounting to rs 5000 have been debited to purchases account
Hi Everyone, We purchased the Goods from other state, and I am liable for Entry Tax, my entry Tax is deposited in bank before 15th of every month. Now my questtion is : I purchase the Packing Items from other state but I return the same to suplier should it require entry tax deposit or not for this items. please explain
how to caluclate tds from emloyees and others
why journal entry are necessary
Audit 
