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what is the difference between a company balance sheet and
that of a bank?

Answers were Sorted based on User's Feedback



what is the difference between a company balance sheet and that of a bank?..

Answer / kanti-00919275123971

1.a company preapre balance sheet as per company act while
bank preapre balance sheet as per banking regulation act
2. a company makes provision for doubtful debts on own
presumption while banks makes provision for doubtful debts
as per the rules & nomes given by banking act
3.a company can not get deduction on provision for doubtful
debts in the income tax act while banks are eligile for
deduction

Is This Answer Correct ?    5 Yes 0 No

what is the difference between a company balance sheet and that of a bank?..

Answer / sirisha

bank is service motive
and company is a profit motive it is going give a product
but banks are not going to give a product physically they
are going to provide service

Is This Answer Correct ?    2 Yes 1 No

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