what is balance sheet?
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Answer / moyahabo
is a statement to record the all the assets and liabilities
of the business.
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Answer / karthikeyan
A quantitative summary of a company's financial position at a specific point of time including Assets and Liabilities.
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Answer / pallavi
all records of assets & liabilities prepared at the end of financial year. prepared to know the financial status of company for which balance sheet is prepared.
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paid vendor to RS 15000 and incentives of RS.5000 and deducted Rs.3000 as penalty so finally paid to vendor is Rs.17000. please let me know the journal entry for this.
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