Interested to Buy Any Domain ? << Click Here >> for more details...
why do we prepare balance sheet as on a particular date and
not for a year?
- 1 Answers
- 4587 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 are the criteria for accounting job?
Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.
what is the primary of for-profit organisation
Explain accounting 101?
Recent trends in Corporate Governence?
What is icai?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
What are control ledgers? What are the purposes of maintaining it?
Have you ever heard about tds, what it is?
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Define a company's payable cycle?
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
what is debit balance report in SAP?. how do you describe DB report in brief.
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
