what is the balance sheet

Answer Posted / anil kumar prajapati

A statement of the assets, liabilities, and capital of a
business or other organization at a particular point in time,
detailing the balance of income and expenditure over the
preceding period.
Formula
Assets = Liabilities + Shareholders' Equity

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

1638


What Is Social Audit?

757


what is the steel consumption per sq ft for ground plus 12 floors

1097


what is the accounting treatment on Putoption over own shares.?

1037


What techniques used during an audit?

705






Explain the difference between internal audit and external audit?

716


hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

1865


What does an internal audit charter contain?

698


What is non statutory audit?

651


whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.

1920


What are the different advantages and disadvantages of internal audit?

656


Explain intangible assets?

760


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1059


Explain the importance of evaluating an internal audit department?

643


please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

1915