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Why do balance sheet always have same total of Assets and
liabilities..??? pls ans dis...my id is
business.ankita@gmail.com

Answers were Sorted based on User's Feedback



Why do balance sheet always have same total of Assets and liabilities..??? pls ans dis...my id is ..

Answer / nilesh naik

Yes, a balance sheet should always balance. The name
"balance sheet" is based on the fact that assets will equal
liabilities and equity every time.

Is This Answer Correct ?    0 Yes 0 No

Why do balance sheet always have same total of Assets and liabilities..??? pls ans dis...my id is ..

Answer / narsing rao

in the balance sheet assets & liabilities always shows same
amount because it is accounting priciples design like

Is This Answer Correct ?    10 Yes 14 No

Why do balance sheet always have same total of Assets and liabilities..??? pls ans dis...my id is ..

Answer / suneetha

trail balance tally.automatically balancesheet tally.trail
balance effect is balancesheet.actually trail balance is
problem.this is created by author.

Is This Answer Correct ?    2 Yes 21 No

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