What is balance sheet? How you come to know after seeing
balance sheet that economic condition is good or bad any
organisation?
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Answer / pankaj modi
Balance sheet is the statement which shows Assets &
liabilities of an enterprise at aparticular period of time.
After prepare the Balance sheet statememnt, the
company has to check or analysis by Ratio analysis. some
Financial term as like working capital , Debt Equity ratio,
profitability ratio,efficiency ratio etc.thats give a
certain amount of financial position of a company or an
organisation to indicate company good position or bad.
e.g current Ratio=Current Assets/curremt liability
1.33 is an ideal position for Banks and Financial
institutions.
| Is This Answer Correct ? | 60 Yes | 3 No |
Answer / abijeet khandale
hear i want give your answer in simple words.
balance shreet means " A AMOUNT WHICH IS STEEL BALACE TO
PAY OR BALANCE TO RECIVE IN ANY KIND.
1) BALANCE TO PAY : all kind of libility (i.e.amount yet to
pay against share capital, reserve & surplus,loans &
libility, dutys & taxes, out stading expences, bills
payable etc.
2) BALANCE TO PAY :all kind asset (i.e. amount yet to
recive by way of fixed asset,bills recivable, investment,
advanceses, stock in hand.,baddebts, cash, bank etc.
if our balance receiving position is as weak as compare to
balance payable so we can conclude our business position is
so weak.
| Is This Answer Correct ? | 45 Yes | 16 No |
Answer / sanjay kumar
Balance sheet shows the financial position of the
organisation. We calculate various ratios to judge the
economic candition of the organisation. It has been done
only when we prepare balance sheet of the organisation.
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / devaraju.r
Balance sheet is nothing but the clear reflection of
company financial or economic position .
Ways to measure the good or bad economic condition of the
company through balance sheet –
. in the balance sheet it clearly shows the company capital
position , which means for good economic condition
Working capital ratio should be more compare to our loan
liability .
.and the recoverable loan & the assets should be more then
the current liability
.and obviously the carry forwarded NP (net profit ) should
be more compare to last financial year position .
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / naviii
By preparing balance sheet we can know the financial
position of the entity. As the system of book keeping is
dual entry assets and liabilities would be tallied.
| Is This Answer Correct ? | 14 Yes | 12 No |
Answer / shoukatali
A financial statement that summarizes a company's assets,
liabilities and shareholders' equity at a specific point in
time. These three balance sheet segments give investors an
idea as to what the company owns and owes, as well as the
amount invested by the shareholders
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / arun
balance sheet is a statement in which asset and liability are recorded and when the asset are sufficeant to recover over liabilites then we say that balane sheet economic condition is good
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / m.ravi kanth
by seeing balancesheet we can say the financal position of
the firm if the assets are stronger than the liabities we
can say that the company is in a strong position and vise
versa.
| Is This Answer Correct ? | 4 Yes | 5 No |
Balance sheet is a summarized financial statement of an
entity, which shows the financial position of a particular
entity.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / imran
Balance Sheet is nothing but clear financial position of a
co. on a given date/as of date, which gives the list of
receivable/payables, property,goodwill and debt/obligation
of the co. as of date.
| Is This Answer Correct ? | 1 Yes | 6 No |
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
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