what are the balancesheet,profit& loss a/c,profit & loss
aprrieation a/c format
- 1 Answers
- 6600 Views
- I also Faced
- E-Mail Answers
Answer / sandeep savdekar
Balancesheet means it shows the actual financial position
of the company.basically bal'sheet have to sides One is
Liabalities And Other is Assets.
Their r 2 types of bal'sheet- one is Horizontal and Other
one is Vertical.
Horizontal one is Like u usually seen on news paper as i
mention above i.e Liabalities and Assets.
In Vertical bal'shet thier r two columes-Funds Employeed
And Funds Employeed as Under.this type formate is very easy
to understand. basically it get prepaid only for lay man
person those dont kw abt bal'sheets.
In Horizontal bal'sheet Liab side represent Amt of money
payable And Assets side represent Amt of money they have in
the for of Long Term Assets.
Profit And Loss A/c created for the purpose of finding Out
the Net Profit or Net Loss.during a peroid.p&l A/c shown in
the format of Dr and Cr sides.
Dr side represents Loss or Expenses
Cr.side represent income or gain
Accordingly Items Get places to get tha actual situatin of
the company.
| Is This Answer Correct ? | 4 Yes | 2 No |
what is debtors
what will be shown under bank reconciliation statement?
What experience have you had in payroll?
suppose you make a bill with service tax and on the time of service tax return you have deposit the same. but now party denies to pay the value of service tax. what adjustment entry you pass to rectify the a/c.
what will be the entry if advertisement suspence a/c is on asset side of balance sheet?
EXpand-------KGF
Company has 10000 shares, issued dividend of 10rs, tax 25% what is total net profit ?
what is accouting
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
tell me about roll model as father
0 Answers Genpact, State Bank Of India SBI,
what is your achievements?
why should we are preparing BRS
Audit 
