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What do you mean by prepration of Balance sheet? how to
explain this with example, please tell me if anybody knows
this.
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Answer / anonymous9
Balance sheet is prepared to know the Financial Position of
a company........
just chill,,,
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / dharmendra.ch(mancherial)
generally balance sheet is prepaires to know the worthyness
of the particular company during the accounting year wether
it is running in good postion or not
by eatimating the
liquidity ratio,current ratio,profitability rato,turnover
ratios.. etc. we come to know the company worthy ness
| Is This Answer Correct ? | 2 Yes | 0 No |
Balance Sheet Will Prepared on the Basis of Trail balance.
A balance Sheet indicates the Financial worth of the
Compnay. According To Companies Act 1956, A Balance Sheet
shuld Consists of Capital, Reserves & surplus,
Currentlialities ( Liabilities) and Fixed Assets, Current
Assets, Preliminary Expenditure ( Assets ). source of the
funds treated as Liabilities and Application of Fundas are
Treated as Assets. so ASSETS = CAPITAL + CURRENT LIABILITIES
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / anand
preparation of balance sheet is to know financial position
of the organisation. it is an anlysis regarding how the
assets are used with in the organisation.
| Is This Answer Correct ? | 0 Yes | 3 No |
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