what is the balance sheet? And also tell me about the
finanacial statement?
Answer Posted / kusum
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 ? | 0 Yes | 0 No |
Post New Answer View All Answers
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
how to calculate vat,pf,esi,service tax in corporate firm
Is push down accounting accepted under generally accepted accounting standards?
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
Explain what a deferred asset is and give an example?
Tell me what are the activities that includes in cash flow statement?
Describe a time when you have not met your goal?
what is apply SI post
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
under which accounting rule prepaid salary?
What is "deposit in transit"?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.