what is balance sheet?
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Answer / satyaki_raju@yahoo.com
It is a statement which shows the Financial position of an
organisation at a given date
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Answer / rohitash
Balance sheet is a statement that shows financial position
of an entity during the year of accounting.
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Answer / mash
Balance sheet is a business position statement.
Its prepares as on date not for period.If you you will take
one company balace sheet you will get to know company
position.
regards,
mahesh.
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Answer / kuldeep srivastava
Balance sheet is a statement which shows profit & loss of a
company at the ending of the financial year
| Is This Answer Correct ? | 0 Yes | 11 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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