what is balance sheet?

Answer Posted / roopesh .k

It is a statement of assets and liabilities.It is always
prepared at the end of financial period to know the
financial status of the business concern.In foreign
countries assets are shown in left hand side liabilities
are shown in right hand side.

Is This Answer Correct ?    20 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?

4412


Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1422


Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company

1692


What is Trade Recovery Estimate and how can we calculate it?

1509


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1447






please send me last 3 years question & solution

1574


Expand---------PSRT

1579


i need sbi bank clerk exam model question papers

1932


What is written off?

1653


how do you prepare the mis reports and prepare the one example report stating your accounts department proforma

1559


What is the Finalization of Accounts?

1789


What is Goods Lost by Fire/Accident/Theft ?

1323


my qustion is what is H foam and where use

1386


When we are raised a interstate invoice then which type invoice we are raised

1465


Short Answer on _____________Intangible Assets

1608