Answer / muhammad arjumand

my name is m.arjumand i am an ACCA accounting technition

the answer for your question is

why B.s should be tally

simple answer is that


as we know from accounting equation that
asset=capital+liability

we can easily say that total asset must be eqaul to the
total capital+liability

if there is no liability then asset will be eqaul to the
total capital wich is also called the Net Asset

Answer / umesh kanchan

simple

b/s is a statement of accounts which has to tally because

we practice double entry system

one debit & one credit

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