Answer Posted / vks
A balance sheet is a quantitative summary of a company’s
financial condition at a specific point in time, including
assets, liabilities and net worth. The first part of a
balance sheet shows all the productive assets a company
owns, and the second part shows all the financing methods
(such as liabilities and shareholders’ equity). Also called
statement of condition because it shows the position of all
the assets & liabilities of a company at a specific day.
Therefore, both the side of balance sheet must get tallied
i.e. assets equals to liabilities at any point of time.
| Is This Answer Correct ? | 17 Yes | 10 No |
Post New Answer View All Answers
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Expand-------ACNS
How can I find out my credit rating score for free?
what tax will be on puchasing of sweets and is necessery to use form 38.
what is book profit
what is Derivative Documentation,Derivative Settlements,Derivative confirmation?
Short Answer on _________Financial accounting
What is Risk Assessment?
What are motive behind mergers And acquisitions?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
What is Accounting on Computers
How do the standards assist the users of financial report?
what is the difference between Assets Allocation & Security selection?
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
