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is it necessasary to make a partnership deed
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When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?
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Decrease in the amount of Debtors result in 1.Increase in cash 2.Decrease in Cash
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why Balance sheet tally, why the Liabilities and Assets will always equal.(for a business man how does it helpful, if liabilities and assets are equal)????? Hope I will get the accurate answer Thanks in Advance.
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Audit 
