Balance sheet is account or statement?and Which account is
come under balance sheet(i.e. real,personal and nominal
account)?

Answer Posted / srinu

Balance sheet is a statement and it comes under all personal and real account.....

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Which forms in use in service Tax, Excise duty and Vat for the return.

1645


In accounting, how do you define the premises?

742


What is the use of 2a, 2b & 2c form in CST ?

2070


Can you please explain the difference between differentiate between consignor and consignee?

626


is we can prepare any account for partnership in tally

3241






In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1474


A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

1565


Tell me what is “deposit in transit”?

595


What are the advantages of computer accounting over paper accounting?

602


Pls tell me the basic rules of accounts for interview in finanace or accounts section

1761


Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1384


HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.

1525


Why is it necessary to prepare Asset Disposal Account?

1467


How many types of business transactions are there in accounting?

668


Explain which accounting application you prefer most and why?

581