why do we prepare balance sheet as on a particular date and
not for a year?
- 1 Answers
- 3711 Views
- I also Faced
- E-Mail Answers
Answer Posted / d.subramanian
At present or at a particular date what is the value(Net worth) of the company viz. cash,payable , receivable , capital and assets from income generated over a period of time ie. p&L. Hence Balance sheets prepared as on date and P&L for the period.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
What is the objective of the balance sheet?
Explain what is involved in the process of double-entry accounting?
Define social responsibility accounting
What is the definition of accounting?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What is fitting and fixtures?
what is apply SI post
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
What is tally accounting?
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
