What is Balance Sheet?
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Answer / naveen meharshi
Balance sheet is a snap shot of Financial situation of any company for a particular period....
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Answer / arun
the main object of preparing balance sheet is "to know the
source of the funds i.e called as liablities and application
of funds i.e assets
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Answer / sagar pendse
Balance sheet is an document which shows the company
financial position. It means profit & loss, Assets &
liability,Next year opening balance. It help to decide the
financial plan & short term goal,
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Answer / arunkumar
In financial accounting, a balance sheet or statement of
financial position is a summary of a person's or
organization's balances. Assets, liabilities and ownership
equity are listed as of a specific date, such as the end of
its financial year. A balance sheet is often described as a
snapshot of a company's financial condition.
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3. In reviewing Corporate equity on a balance sheet, what effect be included in the description “Total Capital Stock” a) Par value of preferred b) Par value of common c) Paid in Capital excess of par value d) Both (a) and (b)
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