what is the difference between a company balance sheet and
that of a bank?
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Answer / 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 |
Answer / sirisha
bank is service motive
and company is a profit motive it is going give a product
but banks are not going to give a product physically they
are going to provide service
Is This Answer Correct ? | 2 Yes | 1 No |
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