why balance sheet should always tally?

Answer Posted / samiksha

balance sheet is always tallied bcoz a businessman uses
double entry system so there are two effects of each
transaction in debit as well as credit.

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Where to enter bonus and pf esi in tally pls help for me

1547


What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.

1691


Define capital

2574


Short Answer on __________Leverage

1580


About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?

1551






You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1473


company accounts introduction?

2203


1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

1626


What is the meaning of Debt reconciliation and how to do debt reconciliation?

1856


payroll calculation procedure explain completely?

2035


Interest earned on investments is an__________

1693


WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME

1595


Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?

1662


Why you want to leave your present job while they offer you with good offer?

1500


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

1712