What is Balance sheet in Tally?

Answer Posted / raghuvstar@gmail.com

Balance sheet is summary of Assets and Liabilities of the company,

by balance we can understand financial position of the company.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how sales invoices adjusted against advance received from Debtor?

1476


Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

583


How much mathematics knowledge is necessary or required in accounting?

614


Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2035


What have you read in the newspapers in the last few days that particularly interested you?

597






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.

1415


In accounting, are assets a permanent account?

654


entry for cash received from debtors

1137


In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1196


What is mutual fund sub accounting?

666


sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?

1608


I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.

1832


Do you use social media to identify prospects?

688


Do you think there is any difference between inactive and dormant accounts?

739


Explain what are the accounting events that are frequently involved in compound entries?

651