Follow Our FB Page << >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

what is the process of correcting the balance sheet of the
company?if the balance of balance sheet are not equal.

what is the process of correcting the balance sheet of the company?if the balance of balance sheet..

Answer / nagalakshmi.k

ans:balance sheet means tally or equal both sides balances
of assets and liabities side.If entering of all assets and
liabilities the balance of balance sheets are not equal
then the remaining balance are converted or transferred
into surplus or deficit. If the balance is not equal in
assest side the balance shows as surplus and the
liabilities balance are shown as deficit.

Is This Answer Correct ?    17 Yes 10 No

Post New Answer

More Accounting General Interview Questions

Golden rules of Accounts

3 Answers   Chartered Accountant,

Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass a journal entry for this

26 Answers   Accenture,

What is the entry for Accumulated Depreciation??

2 Answers   Genpact,

How familiar are you with crm?

0 Answers  

Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?

0 Answers  

if the current ratio is 0.5 what is the impact of working capital

4 Answers   Capital IQ,

What is the difference between Target and Budget?

2 Answers   Al Rashed,

meaning of capital

2 Answers  


4 Answers  

What is the Purpose of Preparing Bank Reconciliation Statement?

7 Answers   EDS,

What is the accounting treatment for goods taken from business for office use

2 Answers  

entry for cash received from debtors

0 Answers