What is Balance Sheet?




Answers were Sorted based on User's Feedback



What is Balance Sheet?..

Answer / rakesh

Balance sheet means it is a combination of assets and
liabilities and it shows the what are the assets and
liabilities during the particular period of time with we can
think how the company is performing.

Is This Answer Correct ?    63 Yes 7 No

What is Balance Sheet?..

Answer / b.k.b

Balanc sheet is a financial statement which shows assets
and liability of the organisation.It is prepared to know
the exact financial position of the organisatio.

Is This Answer Correct ?    45 Yes 1 No

What is Balance Sheet?..

Answer / manoj

It is a statement of assets and liabilities which reflects the exact financial position of a firm

Is This Answer Correct ?    38 Yes 2 No




What is Balance Sheet?..

Answer / s balasubramanian

Balance sheet is a financial statement containing assets
and liabilities of a company as on a particular date say
31st March. The position will differ on 1st April.

The difference between P&L A/c and Balance sheet is

P&L A/c is the working results of income and expenditure
for the one year period i.e., 1st April to 31st March,
whereas balance sheet financial position only on a
particular date.

I welcome questions in finance, accounts, financial
analysis etc., and i will try to answer the questions as
far as possible.

email: sbalu1955@yahoo.co.in

Is This Answer Correct ?    13 Yes 0 No

What is Balance Sheet?..

Answer / clarence vinod

Balanc sheet is a financial statement which shows assets
and liability of the organisation.It is prepared to know
the exact financial position of the organisation.

Is This Answer Correct ?    12 Yes 2 No

What is Balance Sheet?..

Answer / chandu

balance sheet it means balance betwen asset liabilities of
end of the year

Is This Answer Correct ?    20 Yes 15 No

What is Balance Sheet?..

Answer / sweta

Balance sheet is a mirror which reflects the true financial
poition of a business organisation.

Is This Answer Correct ?    4 Yes 0 No

What is Balance Sheet?..

Answer / maruthy

balance sheet is a statement showing list of Asset and
labilities. and find financial position of the business

Is This Answer Correct ?    5 Yes 2 No

What is Balance Sheet?..

Answer / bhuvaneswari

A Balance Sheet is a statement prepared to ascertain the true position of assets and liabilities as on a particular date of the organisation. It is prepared at the end of the accounting period, after the preparation of profit and loss account.

Is This Answer Correct ?    3 Yes 0 No

What is Balance Sheet?..

Answer / g.radhakrishna

balance sheet is record of assets & liabilites with which
a firm or companies financial position is known at a
particular time or at end of year.

Is This Answer Correct ?    3 Yes 3 No

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