Interested to Buy Any Domain ? << Click Here >> for more details...
why Balance sheet tally, why the Liabilities and Assets
will always equal.(for a business man how does it helpful,
if liabilities and assets are equal)?????
Hope I will get the accurate answer
Thanks in Advance.
- 2 Answers
- 7540 Views
- I also Faced
- E-Mail Answers
Answer Posted / jagruti s.
This is because of Double Entry System of Accounting.In
Double Entry System,each transaction of business is
recorded giving equal effect to Debit and Credit sides of
Account.In other words,each transaction effects two or more
A/c(s) with equal Dr. and Cr. and so Ballance sheet tally
and the liabilities and assets will always equal.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
income from depreciated asset is profit or loss?
Expand---------MRDT
Expand--------CMTS
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what is similarites between tata motors and airtel
Please explain a Representative Personal Account.
Expand---------TDCB
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
Expand DPCO
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???
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
intorduse your self ? what to say if iam fresher.
joint venture?
