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

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

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1 Answers   Amara Raja,

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

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EXPAND_________VRD

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