why do we prepare balance sheet as on a particular date and
not for a year?
- 1 Answers
- 3703 Views
- I also Faced
- E-Mail Answers
Answer Posted / d.subramanian
At present or at a particular date what is the value(Net worth) of the company viz. cash,payable , receivable , capital and assets from income generated over a period of time ie. p&L. Hence Balance sheets prepared as on date and P&L for the period.
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What is customer account?
Explain what does the standard journal entry includes?
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
What does the abbreviation dr mean in accounting?
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
What is your greatest achievement and why?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
Capital secure should be shown in which side of the balance sheet?
What are the 5 basic accounting principles?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
what is casual receipt? is it exmpted in income tax?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
