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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
do you have debit and credit in balance sheet
 Question Submitted By :: Kadari_nagam
I also faced this Question!!     Rank Answer Posted By  
 
  Re: do you have debit and credit in balance sheet
Answer
# 1
NO ! We can not say that. But Balance Sheet has always 
divided in two parts One is LHS has LAIBILITES and RHS has 
ASSESTS. All credit entry which has not included in P & L 
A/c comes in balance sheet laibilities side.  same all 
debit entry which has not included in P & L a/c comes in 
assests side.
 
Is This Answer Correct ?    1 Yes 0 No
Om. Maliya
 
  Re: do you have debit and credit in balance sheet
Answer
# 2
No, Only Assets & Liabilities. All Personal Accounts are 
shown
 
Is This Answer Correct ?    1 Yes 0 No
Shubhansh
 
 
 
  Re: do you have debit and credit in balance sheet
Answer
# 3
balance sheet is a statement so there is no debit &credit 
balances
 
Is This Answer Correct ?    3 Yes 0 No
Ramesh
 
  Re: do you have debit and credit in balance sheet
Answer
# 4
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 ?    1 Yes 1 No
Sandeep
 
  Re: do you have debit and credit in balance sheet
Answer
# 5
Balance sheet is a statement showing all the assests and 
liabilities of a business concern.Balance sheet is a 
statement and it is not an account,So in an account where 
you can find both the aspects i.e.,debit and credit.but in 
balance sheet you can't find debit and credit except 
assests and liabilities.
 
Is This Answer Correct ?    2 Yes 0 No
Sandeep Kasturi
 
  Re: do you have debit and credit in balance sheet
Answer
# 6
no. Asset & Liability
 
Is This Answer Correct ?    0 Yes 0 No
Amrit
 
  Re: do you have debit and credit in balance sheet
Answer
# 7
No!
Debit and credit balances are shown in Trail Balance, not 
in balance sheet.
In balance sheet, assets and liabilities are shown.
 
Is This Answer Correct ?    0 Yes 0 No
Gurumoorthy
 
  Re: do you have debit and credit in balance sheet
Answer
# 8
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 ?    0 Yes 0 No
Accounting Guru Ranjith
 
  Re: do you have debit and credit in balance sheet
Answer
# 9
no,balance sheet consists of two parts they are liabilities 
and assets.but not debit and credit
 
Is This Answer Correct ?    1 Yes 0 No
Kdr
 
  Re: do you have debit and credit in balance sheet
Answer
# 10
No balance sheet do not have any debit and credit, instead 
it have Asset side and the Liability side. Debit and credit 
is there in Trial Balance.
 
Is This Answer Correct ?    0 Yes 0 No
Tilu
 
  Re: do you have debit and credit in balance sheet
Answer
# 11
No, becoz balance sheet is a statement which describes the  
financial Position of a firm / company. It contains LHS 
Liabilities and RHS ASSETS. debit and credit is there only 
tail balance & profit and loss a/c.
 
Is This Answer Correct ?    1 Yes 0 No
Ram
 
  Re: do you have debit and credit in balance sheet
Answer
# 12
There is No Debit & Credit in Balance Sheet
 
Is This Answer Correct ?    0 Yes 0 No
Shankar
 

 
 
 
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