Answer / ritesh.k

bakance sheet shuld always get tallied as we follow double
entry book keeping system &according to it every Dr. should
have corresponding Cr. & until balnce sheet dont get
tallied it dont show the proper financial picture of the
company or a person.

Answer / ashwin.khambete

the main reason behind is we follow dual aspect concept and all the transactions if posted correctly gives the same figure on both the sides.

Answer / h.r. sreepada bhagi

Balance should match, otherwise it is not correct. This is
because of Dual Aspect Concept (i.e. Debit & credit in every
business transaction should match) If Balance Sheet does not
match, it can not be called by that name (It will be
incorrect & so will be IMBALANCE SHEET)

can any one tell me the Types of accounts in practise

5 Answers  

---

EXPAND___________NBFCS

0 Answers  

---

Expand STP?

2 Answers  

---

for life insurance company, premium received from client is an asset or a liability.

1 Answers   ITC Infotech,

---

What is Reserv & surplus generally used in Balance sheet.

2 Answers  

---

What do you mean by matching order? (7 steps)

1 Answers   Mellon,

---

How M-T-M losses are brought to book?

0 Answers  

---

is one time transaction called a business activity? give reasons to support you answer please.

2 Answers   Wipro,

---

what is GDP? how is it calculated

6 Answers   FactSet Systems,

---

What is meant by defferred revenue expenditure

13 Answers   Capital IQ, FactSet Systems, L&T, TCS, Xansa,

---

what is ledger,journal,voucher.

9 Answers  

---

define fixed assets

0 Answers  

---