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what is balance sheet?
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It is a statement of assets and liabilities.It is always
prepared at the end of financial period to know the
financial status of the business concern.In foreign
countries assets are shown in left hand side liabilities
are shown in right hand side.
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / satya
Balance Sheet is a complete Financial statemant of a
particular company for the year ended ,It showes the
Financial status of the company
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / pooja hegde
Balance sheet shows financial statement as on a particular
date. it is a statement of assests & liabilities.
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / dharmendra soni
It is a main statement of Acconut ,the statement has
display Actual Economic Possition of the company. what is
the our actual Assets & Liabilities & what is the Ratio of
Profit & loss comperation previous year.
| Is This Answer Correct ? | 13 Yes | 4 No |
Answer / gokul
Balance sheet is a statement which depict the financial
position of the concern as on particular date.It is
considered with ASSETS, LABITIES,CAPITAL.It shows the
position of concern,thus it is also called as "POSITION
STATEMENT"
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / rajesh
Balance sheet presents assets, liabilities and owner's
equity at a specific date. A balance sheet is also called
Statement of Financial Position.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / gohar ali pugc
Balance sheet represents the company total asset &
liabilities which is both sides are equall each other it
shows the company financial stability also,and where does
the company stand.it is prepared to know the company
solvancy possition.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vikas chhabra
Balance sheet is a financial state ment of any organisation
or firm. it shows the financial condition of the
organisation and also shows the buisness ir running well or
not, so we can say that the balance is a financial
representer of organisation .
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / rajesh
Balance sheet is a financial statement which shows the true
position of the assets and liabilities during a particular
trading period.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / sreedhar chandran
It is a Statement of Assets and Liabilities we can prepare
at any point of time. Balance sheet is Point based statement.
| Is This Answer Correct ? | 0 Yes | 0 No |
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