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what is balace sheet??
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Answer / anil kumar prajapati
A statement of the assets, liabilities, and capital of a
business or other organization at a particular point in time,
detailing the balance of income and expenditure over the
preceding period.
Formula
Assets = Liabilities + Shareholders' Equity
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Answer / usha teja
ITS A FINANCIAL STATEMENT AND NOT AN ACCOUNT.IT REVEALS THE
FINANCIAL POSITION OF THE COMPANY RELATED TO ITS ASSETS AND
LIABILITIES.
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Answer / saumen datta
Balance sheet is the sanp shot of all the assets and liabilities position of the company for a particular accounting year.
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Answer / ayyappa
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
| Is This Answer Correct ? | 0 Yes | 1 No |
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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
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