Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

why balance sheet should always tally?

Answer Posted / ssfahad

The liability part of the balance sheet is basically for investment purpose. suppose u take 900000 loan its a liability but it is used for purchasing some asset .... therefore u cant use more that u have.
asset + liabilities= capital

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What goals do you have in your career

2406


I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1912


why may types of accounts

2249


am attend to bank exam(iob)pls send model questions

2220


Is interest of a business unit Operating Expense or Non Operating Expense

1899


what is a reducing balance method and depreciation fund investment method and 2 diffrences?

2556


Please do tell me about the questions which are asked at BACS FINAL ROUND.

2175


What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school

2011


Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1727


how to entry of hra

2275


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

2827


Expand DPCO

2140


What elements of your job do you find most difficult

5770


Who is the maker of the promissory note

2016


Define the word Profit in terms of business

2166