Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / riyaz ahamed s
The Balance Sheet is consists of Assets and Liabilities, if
any asset purchase then it will have effect on balance sheet
like.
1) Cash decreases if we purchase asset with cash and the
meanwhile asset value is increases. then balance sheet tallied.
2) If we purchase asset by bank means bank balance decreases
and asset balance is increases. then B/S tallied.
3) If we purchase asset on credit means liability increases
and meanwhile asset values also increases but effect will be
same defiantly balance tallied.
The only reason is we will record all transaction in the
both the sides of the aspects of debit and credit.
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
Can u please give me example of bonds? is National savings certificate a Bond?
explain about mergers & aquisitions? asked on 30/7/09
how to calculate share values of a company.
Can I freeze my account?
What type of questions in accouting point of respect they ask genrally plz help me find out this.
Expand-------ATBN
Expand---------NMOP
What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check
What is the Assets & Liabilities?
What are the duties of sales tax department? Explain it
How the sub ledgers(AP, AR) integrate with GL liability and receivable
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
What are Home Equity Loans ?
Meaning of portfolio management?
why do we charge the depreciation
