why do we prepare balance sheet as on a particular date and
not for a year?
Answer Posted / d.subramanian
At present or at a particular date what is the value(Net worth) of the company viz. cash,payable , receivable , capital and assets from income generated over a period of time ie. p&L. Hence Balance sheets prepared as on date and P&L for the period.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
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?
how to calculate basic to gross salary
What is BRS Adjustment entry?
Define public accounting?
Do you know how many types of business transactions are there in accounting?
Explain me the basic accounting equation?
What is the definition of offset accounting?
difition of reserve & surplus
Explain what qualities and skills make an account manager successful?
what is profit maximisation
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
Why an Expenditure is called Differed?
Where I can Found Cost Reduction Techniques Implemented by Various cement Companies
Do you know compound journal entry?