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what is the difference between a company's balance sheet &
a bank's balance sheet.what is the negotiable instrument
act . is cheque a negotiable instrument.
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Answer Posted / rao
Companies B/S: It is prepared in the format as specified
(verticle or Horizental form)in Part 1 to shedule VI of the
companies act 1956.
Any deviation fromt this format leads to improper
maintenance of books of accounts under companies act.
Bank B/S: It is perpared in the specific format as
specified by the banking regulation Act.It consists 11
shedules.
Negotiable instument: any thing which is specified as a
negotiable instrument under the negotiable instuements act
(should satisfy the featues specified like transferability,
convertability into cash etc).
Eg: Bills of exchage
Cheque
Draft
| Is This Answer Correct ? | 56 Yes | 9 No |
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