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why balance sheet should tally?

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why balance sheet should tally? ..

Answer / darvesi

Balance sheet is the financial statement prepared at the
end of the period.which discloses financial position of the
company on that event. it provides all details of soures
from which the compant acquired and used. So that
balansheet should match all assest equal to Liabilities

Is This Answer Correct ?    8 Yes 1 No

why balance sheet should tally? ..

Answer / ravindra

Balance sheet describes financial position of a company
it is the final statement which describes the assets amount
&liabilities amount should be matched

Is This Answer Correct ?    2 Yes 1 No

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