what is the balance sheet? And also tell me about the
finanacial statement?
- 4 Answers
- 6412 Views
- HCL, I also Faced
- E-Mail Answers
Answer Posted / syed iliyas
Balance sheet is a statement which monitor the financial
position of a company at any particular date by comparing
how much of asset it has earned during the period and how
much of the company liable to the others
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
What is a business transaction in accounting?
What is book profit? How it was calculated
What are the criteria for accounting job?
What is difference between Cash Flow and fund flow
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
Tell me what do we mean by purchase return in accounting?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What is the treatment of claim settled by insurance company but still receivable in profit and loss account
Capital secure should be shown in which side of the balance sheet?
what is the entry of credit card received excess amount entry in tally and their under group names
can any one send me tally professional version link
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
What is purchase returns accounting
What do you debit and credit if discount allowed is underrated?
how can i settle the party ac with cr & dr
