do you have debit and credit in balance sheet
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Answer / pc sekhar
Balance sheet is a financial statement of the company. so,
which appears in balance sheet that the balances of a
particular account(balances at the end of the financial year
as per company) may be a credit or debit..
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Answer / diksha
blancesheet ia statement and not than an account. therefore
dr. or cr. is not written there.
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Answer / accounting guru ranjith
There is no debit and credit in Balance Sheet.All assets
are shown on Asset column and liabilit in liability side.
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / sandeep
balance sheet has one law debit and credit. n it shows the
credit and debit balances. n if u transact the transactions
in correct way then its tallied.
Is This Answer Correct ? | 3 Yes | 6 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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