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Balance sheet is account or statement?and Which account is
come under balance sheet(i.e. real,personal and nominal
account)?

Answers were Sorted based on User's Feedback



Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,pers..

Answer / saroj mahakud

balacesheet is a statement.it come under all personal and real account

Is This Answer Correct ?    16 Yes 3 No

Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,pers..

Answer / srinu

Balance sheet is a statement and it comes under all personal and real account.....

Is This Answer Correct ?    9 Yes 1 No

Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,pers..

Answer / johnson sts

Balance sheet is a Statement prepared to analyse the
Financial Position of the Business or Firm. Balance Sheet
contains Personal Account, Real Account and Nominal
Account.these three accounts are differentiated as
Liabilities on Left side and Assets on the Right Side.

Is This Answer Correct ?    3 Yes 0 No

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More Accounting General Interview Questions

Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

0 Answers  


I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

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What is an Debenture

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what is the final accunt

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Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.

0 Answers  


capital is a assets but its shows in liability side. why?

11 Answers  


who issues the accounting standards?

4 Answers   ABC,


What is fractional code and how can i get a fractional code for a particular account?

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