Interested to Buy Any Domain ? << Click Here >> for more details...
Difference between Horizontal & Vertical Balance sheet
- 3 Answers
- 18638 Views
- Chartered Accountant, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / gaurav khandelwal
VERICAL BALANCE SHEET IS REQUIRED AS PER SCHEDULE
VI ,HORIZNTOL IS VOLUNTARY
| Is This Answer Correct ? | 23 Yes | 5 No |
Answer / shubham khandelwal
The important difference between vertical and horizontal balancesheet is vertical is for companies and horizontal for firms
| Is This Answer Correct ? | 3 Yes | 7 No |
Answer / guest
The main difference between horizontal and vertical is that
in the vertical balance sheet the firstly we have taken the
fixed asset current assets and than miscelleous expenditure
in fixed assets side and in vertical is same as reverse.
In Liability side the in vertical we have taken the current
liability and than capital and horizental the reverse is
same.
| Is This Answer Correct ? | 11 Yes | 19 No |
PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE IS ASSIGNED TO LAND. WHAT WILL BE THE JOURNAL ENTRY
4 Answers Chartered Accountant,
Explain me what is tally accounting?
What is the cost of goods sold?
Tell me what is the abbreviation for the accounting terms debit and credit?
what is Finalization of Accounts?
What are the accounting events that are frequently involved in compound entries?
1. what is the general Percentage in india (%) of Deprication for Furniture, building Other Assests like Company Car, and COmputer and Airconditioner etc., Waiting for Answers
whah is price earning formula?
Capital Expenditure
2 Answers Chartered Accountant,
what is tax invoices
what's mean of capital reserve and reserve capital
How to take the closing balances of all ledgers into next financial year as opening balances in tally?
Audit 
