let me know the difference between statement of affairs and
balance sheet
Answer Posted / santhosh
We can prepare Balancesheet when we are having proper
records of books of accounts but we will prepare Statement
of affairs when we are not having proper records
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
Distinguish between sale and consignment
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
What are events occuring after the balancesheet date?
What is Inventory Control?
what is the main link between the income statement and the balance sheet?
what is the process of excise duty?
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
why the RRB'S not lend loans directly to farmers?
Difference between nonoperating expentiture and non cash expenditure
Expand---------EDP
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
what is meant by qurum