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what is the difference between a company balance sheet and
that of a bank?
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Answer Posted / kanti-00919275123971
1.a company preapre balance sheet as per company act while
bank preapre balance sheet as per banking regulation act
2. a company makes provision for doubtful debts on own
presumption while banks makes provision for doubtful debts
as per the rules & nomes given by banking act
3.a company can not get deduction on provision for doubtful
debts in the income tax act while banks are eligile for
deduction
| Is This Answer Correct ? | 5 Yes | 0 No |
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