Hi,
We want to know about Balance Sheet, and what is main need
for preparation of B/s
- 1 Answers
- 4409 Views
- Bank Of America, Bank Of India, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Balance Sheet is the statement of Assets & Liabilities of an enterprise/organisation as at the end of an accounting period (month/quarter/half year/year). This is prepared after preparing the Profit & Loss Account for the period ended on that date know the position of the enterprise concerned. Besides Assets & external liabilities, Balance Sheet also shows the capital or the owners equity. Balance Sheet is a must for complying with the statutory requirements besides the management requirements.
| Is This Answer Correct ? | 21 Yes | 2 No |
Post New Answer View All Answers
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
What do you find the most challenging in Accpuntant role
Whats are the importance of evaluating an internal audit department?
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
What is an internal audit and what is the role of internal audit?
What are the objectives of internal audit?
accounting & audit system of film production enterprises
How does an internal audit differ from an external audit?
How auditing is prepared?
Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?
while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?
What is non statutory audit?
What should the internal auditor?
Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.
What was your most rewarding accomplishment of your career and why
