why balance sheet should always tally?

Answer Posted / darshan chande

B/S always tallies because Assets are always equal to Capital plus Liabilities, and since we recored Assets and Cap+Liab. on each side of B/S it has to tally!

Is This Answer Correct ?    27 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

DEfine SAP

1641


what is automatic payment in sap fico

1609


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1716


where we use the convetion of conservatisam in real life??

1566


what is ment by master in tally?

3094






post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2179


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

1672


Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1398


proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario

1028


What is meant by consignment

1675


.,can someone tell me how to compute the subscribed capital share?

1823


what do you mean by financial analysis and technical analysis ?

1817


Expand---------PED

1639


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

1740


Short Answer on ________Ad-Valorem Duties

1544