Answer Posted / h.r. sreepada bhagi
Balance should match, otherwise it is not correct. This is
because of Dual Aspect Concept (i.e. Debit & credit in every
business transaction should match) If Balance Sheet does not
match, it can not be called by that name (It will be
incorrect & so will be IMBALANCE SHEET)
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what is debit/credit note ? what deffered income and expencess?
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
I want to know with example of vat & Salestax
is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
What is the quality of the accountant & rights ? hansika.kk@gmail.com
what are all the formulas used in bank to calculate their economy
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited
What is Home Loan Modification?
what is the scenario of multi-org setup?
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing