Answer / Ahsan Khan

Horizontal balance sheet and vertical balance sheet are financial statements used for different purposes in accounting. Here's how they differ:n1) Horizontal Balance Sheet (also called the classified balance sheet): Organizes assets, liabilities, and equity by class or account category. It provides a snapshot of a company's financial position as of a specific date. The main sections are Assets, Liabilities, and Equity.n2) Vertical Balance Sheet: Represents the same financial information as a horizontal balance sheet but in a vertical format. In this layout, assets are listed first, followed by liabilities, and then equity. It provides easy comparison of total assets, total liabilities, and net worth.

Mr.A repaired a printer of a company and charge a bill of Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct Rs.120 in TDS after couple of day Mr.A received TDS certificate from the company. pass all the entries in the books of accounts.

5 Answers   CSC,

---

What is the actual meaning of Ledger Account?

1 Answers  

---

The real meaning of Purchase

1 Answers  

---

Explain dual aspect term in accounting?

1 Answers  

---

WHAT IS THE ENTRY IN 31 MARCH OR 1ST APRIL FOR PROVISSION FOR SALARY

1 Answers  

---

How many questions u have done in ur written exam held in november for SBI clerical??? who are cleared for the interview..plz tell me...???

1 Answers  

---

Explain fictitious assets?

1 Answers  

---

Capital secure should be shown in which side of the balance sheet?

1 Answers   ICAI,

---

Do you know public accounting?

1 Answers  

---

what is the difference between accounts and finance ?

5 Answers   ABC, CA,

---

what is balance of trade

1 Answers  

---

Tell me do you possess any knowledge about accounting standards?

1 Answers  

---