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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is Balance Sheet?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Balance Sheet?
Answer
# 1
Balance sheet means it is a combination of assets and
liabilities and it shows the what are the assets and
liabilities during the particular period of time with we can
think how the company is performing.
 
Is This Answer Correct ?    63 Yes 7 No
Rakesh
 
  Re: What is Balance Sheet?
Answer
# 2
balance sheet it means balance betwen asset liabilities of
end of the year
 
Is This Answer Correct ?    20 Yes 14 No
Chandu
 
 
 
  Re: What is Balance Sheet?
Answer
# 3
It is a statement of assets and liabilities which reflects the exact financial position of a firm 
Is This Answer Correct ?    36 Yes 2 No
Manoj
 
  Re: What is Balance Sheet?
Answer
# 4
Balanc sheet is a financial statement which shows assets
and liability of the organisation.It is prepared to know
the exact financial position of the organisatio.
 
Is This Answer Correct ?    43 Yes 1 No
B.k.b
 
  Re: What is Balance Sheet?
Answer
# 5
Balanc sheet is a financial statement which shows assets
and liability of the organisation.It is prepared to know
the exact financial position of the organisation.
 
Is This Answer Correct ?    12 Yes 2 No
Clarence Vinod
 
  Re: What is Balance Sheet?
Answer
# 6
Balance sheet is a financial statement containing assets
and liabilities of a company as on a particular date say
31st March. The position will differ on 1st April.

The difference between P&L A/c and Balance sheet is

P&L A/c is the working results of income and expenditure
for the one year period i.e., 1st April to 31st March,
whereas balance sheet financial position only on a
particular date.

I welcome questions in finance, accounts, financial
analysis etc., and i will try to answer the questions as
far as possible.

email: sbalu1955@yahoo.co.in
 
Is This Answer Correct ?    12 Yes 0 No
S Balasubramanian
 
  Re: What is Balance Sheet?
Answer
# 7
balance sheet is a statement showing list of Asset and
labilities. and find financial position of the business
 
Is This Answer Correct ?    5 Yes 2 No
Maruthy
 
  Re: What is Balance Sheet?
Answer
# 8
balance sheet is record of assets & liabilites with which
a firm or companies financial position is known at a
particular time or at end of year.
 
Is This Answer Correct ?    3 Yes 3 No
G.radhakrishna
 
  Re: What is Balance Sheet?
Answer
# 9
the main object of preparing balance sheet is "to know the
source of the funds i.e called as liablities and application
of funds i.e assets
 
Is This Answer Correct ?    1 Yes 2 No
Arun
 
  Re: What is Balance Sheet?
Answer
# 10
Balance sheet is a mirror which reflects the true financial
poition of a business organisation.
 
Is This Answer Correct ?    4 Yes 0 No
Sweta
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
how many accounting standards in india and also world wide  2
what is assesment? who do the assesment by income tax or sale tax,and when doing the assesment?what is the perod limit of assesment? assesment order sent by income tax or sale tax which form?  5
Expand T A N  6
What is Goods Receipt Note? and its current format Price-Waterhouse-Coopers9
what is the difference between share and debenture  1
Expand---------SPRT  1
Expand G O I  1
what is net turnover and how to calculate?  2
What is considered a healthy profit?  2
EXPAND___________NTF  1
what is contract note?  1
What is Contigent Liability?  1
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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