what is the difference between a company's balance sheet & a ban

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Question

what is the difference between a company's balance sheet & 
a bank's balance sheet.what is the negotiable instrument 
act . is cheque a negotiable instrument.

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Re: what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.

Answer
# 1

Comapany's balance sheet will be preapred as per the 
company's act and bank's balance sheet follows the banking 
regulation act.

An intrument wihch is negotiable (tarnsferable) is called 
negotiable instrument which should adhere to the negotiable 
instrument act. Cheque is negotiable instrument.

Is This Answer Correct ?

17 Yes

0 No

Sasi

Re: what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.

Answer
# 2

company's balance sheet includes account and amount posted
from companys' transactions. banks balance sheet includes
amount and account under banks discretion.

a cheque is a negotiable instrument.

Is This Answer Correct ?

6 Yes

8 No

Rbm

Re: what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.

Answer
# 3

Companies B/S: It is prepared in the format as specified 
(verticle or Horizental form)in Part 1 to shedule VI of the 
companies act 1956.

Any deviation fromt this format leads to improper 
maintenance of books of accounts under companies act.

Bank B/S: It is perpared in the specific format as 
specified by the banking regulation Act.It consists 11 
shedules.


Negotiable instument: any thing which is specified as a 
negotiable instrument under the negotiable instuements act 
(should satisfy the featues specified like transferability, 
convertability into cash etc).

Eg: Bills of exchage
    Cheque
    Draft

Is This Answer Correct ?

22 Yes

2 No

Rao

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