why do we prepare balance sheet as on a particular date and
not for a year?
Answer / d.subramanian
At present or at a particular date what is the value(Net worth) of the company viz. cash,payable , receivable , capital and assets from income generated over a period of time ie. p&L. Hence Balance sheets prepared as on date and P&L for the period.
Is This Answer Correct ? | 1 Yes | 2 No |
What is the difference between lc and bg(letter of credit
What are the different branches of accounting?
how do made in finalization
Give example of an intangible Asset that is depriciable
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
Mention what are things will not be included in a bank reconciliation statement?
defference between capital assets and fixed assets
Why we do Inter company reconciliation
please give a journal entry for purchase order
4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?
What is a Pay Group
What is fitting and fixtures?