Interested to Buy Any Domain ? << Click Here >> for more details...
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
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
how to entry of hra
what is transposition-cum-demat?
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
What are direct income and indirect income
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
difference between vat 47 & vat 49
What do you know about hyd? Tell something about hyd?
What is the working formula for Inventory turnover
please send me some previous sbi clerical interview questions to my email id....
Who will be called as consignee
