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what is the difference between a company's balance sheet &
a bank's balance sheet.what is the negotiable instrument
act . is cheque a negotiable instrument.
- 4 Answers
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Answer / rao
Companies B/S: It is prepared in the format as specified
(verticle or Horizental form)in Part 1 to shedule VI of the
companies act 1956.
Any deviation fromt this format leads to improper
maintenance of books of accounts under companies act.
Bank B/S: It is perpared in the specific format as
specified by the banking regulation Act.It consists 11
shedules.
Negotiable instument: any thing which is specified as a
negotiable instrument under the negotiable instuements act
(should satisfy the featues specified like transferability,
convertability into cash etc).
Eg: Bills of exchage
Cheque
Draft
| Is This Answer Correct ? | 56 Yes | 9 No |
Answer / sasi
Comapany's balance sheet will be preapred as per the
company's act and bank's balance sheet follows the banking
regulation act.
An intrument wihch is negotiable (tarnsferable) is called
negotiable instrument which should adhere to the negotiable
instrument act. Cheque is negotiable instrument.
| Is This Answer Correct ? | 63 Yes | 17 No |
Answer / arvin
IN company balance sheet loan shown on liability side whereas in Bank balance sheet it shown on the asset side.
| Is This Answer Correct ? | 24 Yes | 6 No |
Answer / rbm
company's balance sheet includes account and amount posted
from companys' transactions. banks balance sheet includes
amount and account under banks discretion.
a cheque is a negotiable instrument.
| Is This Answer Correct ? | 29 Yes | 23 No |
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