Answer / ritesh.k

bakance sheet shuld always get tallied as we follow double
entry book keeping system &according to it every Dr. should
have corresponding Cr. & until balnce sheet dont get
tallied it dont show the proper financial picture of the
company or a person.

Answer / ashwin.khambete

the main reason behind is we follow dual aspect concept and all the transactions if posted correctly gives the same figure on both the sides.

Answer / 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)

What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?

2 Answers  

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EXPAND______________IFC

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what is converstion cost?

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A worker has time rate of Rs. 15/hr. He makes 720 units of a component (standard time 5 minutes/unit in a week of 48 hours). His total wages including Rowan bonus for the week is _____. A. Rs. 792; B. Rs. 820; C. Rs. 840; D. Rs. 864.

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expand I R

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a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

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