What is balance sheet? How you come to know after seeing
balance sheet that economic condition is good or bad any
organisation?
Answer Posted / abijeet khandale
hear i want give your answer in simple words.
balance shreet means " A AMOUNT WHICH IS STEEL BALACE TO
PAY OR BALANCE TO RECIVE IN ANY KIND.
1) BALANCE TO PAY : all kind of libility (i.e.amount yet to
pay against share capital, reserve & surplus,loans &
libility, dutys & taxes, out stading expences, bills
payable etc.
2) BALANCE TO PAY :all kind asset (i.e. amount yet to
recive by way of fixed asset,bills recivable, investment,
advanceses, stock in hand.,baddebts, cash, bank etc.
if our balance receiving position is as weak as compare to
balance payable so we can conclude our business position is
so weak.
Is This Answer Correct ? | 45 Yes | 16 No |
Post New Answer View All Answers
In case of new admission of partner what will be the adjustment for the sharing ratios
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
Expand MNS
who introduces the single entry format?
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
Expand-------NBTA
Give a brief explanation of the fundamental accounting concept of prudence
If its is declared by auditor that business is not going concern that what journal entry will be pass?
what is the difference between Assets Allocation & Security selection?
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
What are the accounting conventions and Practices?
HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY
what are the questions commomly asked in reuter's interview.?
Suppose the production is more and sales less then what will happen