Answer Posted / 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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Expand-------NABT

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Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.

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in which group under we will open donation and hamali weekly payment account or ledger

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How will be prepare invoice in tally, please tell me step by step

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Pls Explain Accounting Standered 1,3,11,29

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what s BSPL and its significance?

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Expand----------MTSC

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where does the closing stock appears in the trial balance?

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what is finance what is bpo why do u want join a BPO types of process in BPO Company's

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WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

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What are direct income and indirect income

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What is the Finalization of Accounts?

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Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

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what is forecast

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