Interested to Buy Any Domain ? << Click Here >> for more details...
why Balance sheet tally, why the Liabilities and Assets
will always equal.(for a business man how does it helpful,
if liabilities and assets are equal)?????
Hope I will get the accurate answer
Thanks in Advance.
- 2 Answers
- 7552 Views
- I also Faced
- E-Mail Answers
Answer Posted / jagruti s.
This is because of Double Entry System of Accounting.In
Double Entry System,each transaction of business is
recorded giving equal effect to Debit and Credit sides of
Account.In other words,each transaction effects two or more
A/c(s) with equal Dr. and Cr. and so Ballance sheet tally
and the liabilities and assets will always equal.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
Short Answer on ___________fluctuating capital
how to do the finalise of account? what is the step? why we need to do like that?
What is Spin-off & spilts
What is PE ratio formula ?
business sepsarate entity concepts
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
Short answer on Amalgamation
what is cnc machine hour rate? how it is calculated?
