How to Prepar Balance sheet?
- 8 Answers
- 10188 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjeev dogra
For Balanace Sheet we have need a two side
No.1 Asset side
No.2 Liabilites side
we prepare balance sheet every finacial year for example
01-04-2007 to 31-03-2008.
All asset and liablites balance should be equal in the end
of the financial year.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / mohan
BALANCE SHEET WHICH SHOWS A FINANCIAL CONDTION OF THE COMPANY
WE CAN PREPARE THE BALANCESHEET FOR THE YEAR ENDED
31/03/07-31/04/08
WE NEED HAVE TWO SIDES THAT ASSETS AND LIABILITIES
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / g.n.senthil kumar
Throughout the year, all the transactions has been entered
and it should be properly audited following the systems.
Once it was done the closing entries to be posted, we will
get TRIAL BALANCE. From the Trial Balance we can prepare
Trading and Profit & Loss Account with all adjustments such
as Acrued, Prepaid expenses and gains. with help of Profit
and Loss account we came to know Profit Condition. With
help of Opening Balance sheet, we can prepare Balance sheet
for the Previous year. Usually it should be prepare at the
end of March.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / raj k.punjabi
For Prepar B/S i collect all the information about company
and at first i decide the tax area of organisation. after
that i need hard coppies of all documents which are
containing with amounts and given effect to B/S such as
invoices, bank accounts, debit & credit notes invesments,
agreements etc. When i collect all information i make
genral entries and ledger folio and posting. with closing
balances of i making Trading and P&L or income &
expenditure account and finaly make balance sheet.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / yash bangar
According to me what is the real and currunt financial
condition for the particuler orgnization, thats why they
are making the final balance sheet for the evry financial
year (01.01.2009 to 31.03.2010).
in the balance sheet they may show the all expenditure and
profit in during that year. it is all equally two side
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k jagannath reddy
BLS is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Liabilities
No.2 Assets
We record all the assets on debit side(right side) While all
the liabilities and Owner's equty on the credit side(left
side) of the BLS.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sushant jadhav
make the janral entries and than make ledger entries posting
to balance sheet making the final account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hayat , salman
B/S is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Debit side
No.2 Credit side
We record all the assets on debit side(left side) While all
the liabilities and Owner's equty on the credit side(right
side) of the B/S.
| Is This Answer Correct ? | 4 Yes | 9 No |
What is meant by the word Liquidation. Give examples
why are cutting tds?
meaningofderivative?
The following are details of an invoice from a foreign supplier of goods: 20 pieces of item X @ $ 20 per piece $ 400 20 pieces of item Y @ $ 5 per piece 100 Shippingcharges 40 Discount -80 Total $ 460 Total cost of above shipment of goods is Dh 2,300 which is made up of Dh. 2,070 representing cost of transferring the above invoice amount of $460 and the balance of Dh 230 represents other direct costs You are required to calculate the landed cost in Dirhams for ONE PIECE of item X.
would gross expenditure vouch the correctness or otherwise of the given expenses?
On which part we should give more attention while preparing balence-sheet.
what is net profit?
example of aptitude ns
Expand--------TAO
what is inflation accounting
what r financial derivatives
what is investment
Audit 
