Answer / sanjeev dogra

For Balanace Sheet we have need a two side
No.1 Asset side
No.2 Liabilites side
we prepare balance sheet every finacial year for example
01-04-2007 to 31-03-2008.
All asset and liablites balance should be equal in the end
of the financial year.

Answer / mohan

BALANCE SHEET WHICH SHOWS A FINANCIAL CONDTION OF THE COMPANY

WE CAN PREPARE THE BALANCESHEET FOR THE YEAR ENDED
31/03/07-31/04/08

WE NEED HAVE TWO SIDES THAT ASSETS AND LIABILITIES

Answer / g.n.senthil kumar

Throughout the year, all the transactions has been entered
and it should be properly audited following the systems.
Once it was done the closing entries to be posted, we will
get TRIAL BALANCE. From the Trial Balance we can prepare
Trading and Profit & Loss Account with all adjustments such
as Acrued, Prepaid expenses and gains. with help of Profit
and Loss account we came to know Profit Condition. With
help of Opening Balance sheet, we can prepare Balance sheet
for the Previous year. Usually it should be prepare at the
end of March.

Answer / raj k.punjabi

For Prepar B/S i collect all the information about company
and at first i decide the tax area of organisation. after
that i need hard coppies of all documents which are
containing with amounts and given effect to B/S such as
invoices, bank accounts, debit & credit notes invesments,
agreements etc. When i collect all information i make
genral entries and ledger folio and posting. with closing
balances of i making Trading and P&L or income &
expenditure account and finaly make balance sheet.

Answer / yash bangar

According to me what is the real and currunt financial
condition for the particuler orgnization, thats why they
are making the final balance sheet for the evry financial
year (01.01.2009 to 31.03.2010).
in the balance sheet they may show the all expenditure and
profit in during that year. it is all equally two side

Answer / k jagannath reddy

BLS is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Liabilities
No.2 Assets
We record all the assets on debit side(right side) While all
the liabilities and Owner's equty on the credit side(left
side) of the BLS.

Answer / sushant jadhav

make the janral entries and than make ledger entries posting
to balance sheet making the final account.

Answer / hayat , salman

B/S is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Debit side
No.2 Credit side
We record all the assets on debit side(left side) While all
the liabilities and Owner's equty on the credit side(right
side) of the B/S.

Expand ------BPS

2 Answers  

Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me

0 Answers  

On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.

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expand E S I

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Fill in the blank Losses Capital

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