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)

What are the methods of Depriciation ?

11 Answers   ADP, Genpact,

---

Expand ------SFO

1 Answers  

---

If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

0 Answers  

---

What is TDS

2 Answers   Telco,

---

Let me know the situation when is a transaction affects one side of accounting equation

1 Answers   ACS,

---

what is the entry for rent paid to company, provision for taxes in your books?,

4 Answers   Indiabulls,

---

What is deffered tax liability and how it is adjusted in future.Should we take it as part of networth

1 Answers  

---

deffered tax treatment in financial statements

0 Answers  

---

explain about mergers & aquisitions? asked on 30/7/09

0 Answers   FactSet Systems,

---

Expand--------SSS

2 Answers  

---

EXPAND_________VAN

3 Answers  

---

How baddebts effects in trial balance and balancesheet?

1 Answers  

---