How to Prepar Balance sheet?
- 8 Answers
- 10186 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjeev dogra
For Balanace Sheet we have need a two side
No.1 Asset side
No.2 Liabilites side
we prepare balance sheet every finacial year for example
01-04-2007 to 31-03-2008.
All asset and liablites balance should be equal in the end
of the financial year.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / mohan
BALANCE SHEET WHICH SHOWS A FINANCIAL CONDTION OF THE COMPANY
WE CAN PREPARE THE BALANCESHEET FOR THE YEAR ENDED
31/03/07-31/04/08
WE NEED HAVE TWO SIDES THAT ASSETS AND LIABILITIES
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / g.n.senthil kumar
Throughout the year, all the transactions has been entered
and it should be properly audited following the systems.
Once it was done the closing entries to be posted, we will
get TRIAL BALANCE. From the Trial Balance we can prepare
Trading and Profit & Loss Account with all adjustments such
as Acrued, Prepaid expenses and gains. with help of Profit
and Loss account we came to know Profit Condition. With
help of Opening Balance sheet, we can prepare Balance sheet
for the Previous year. Usually it should be prepare at the
end of March.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / raj k.punjabi
For Prepar B/S i collect all the information about company
and at first i decide the tax area of organisation. after
that i need hard coppies of all documents which are
containing with amounts and given effect to B/S such as
invoices, bank accounts, debit & credit notes invesments,
agreements etc. When i collect all information i make
genral entries and ledger folio and posting. with closing
balances of i making Trading and P&L or income &
expenditure account and finaly make balance sheet.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / yash bangar
According to me what is the real and currunt financial
condition for the particuler orgnization, thats why they
are making the final balance sheet for the evry financial
year (01.01.2009 to 31.03.2010).
in the balance sheet they may show the all expenditure and
profit in during that year. it is all equally two side
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k jagannath reddy
BLS is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Liabilities
No.2 Assets
We record all the assets on debit side(right side) While all
the liabilities and Owner's equty on the credit side(left
side) of the BLS.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sushant jadhav
make the janral entries and than make ledger entries posting
to balance sheet making the final account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hayat , salman
B/S is a statement which the financial position of an
organization on a specific date.
In B/S there are two sides
No.1 Debit side
No.2 Credit side
We record all the assets on debit side(left side) While all
the liabilities and Owner's equty on the credit side(right
side) of the B/S.
| Is This Answer Correct ? | 4 Yes | 9 No |
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
waht is the menaing of accounts payble?
sir, i am working in part time job in welding institute in that some expenses will come cylinder and scrap material and rods w (welding) these all are direct expense or indirect expenses , please explain
why at the top of P/L a/c we write for the year ending and at the top of balance sheet we write as on or year ended.
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
what is undisclosed profit? explain
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
how accountant calculatee depriciation
"while Financial accounting is external, cost accouting is internal to the business" Explain?
Expand--------ACRD
Which document to be required for the application with PAn of Pvt Ltd company ?
Audit 
