Interested to Buy Any Domain ? << Click Here >> for more details...
how to read balance sheet ? and at first which thing you
see in balance sheet ?
- 3 Answers
- 6656 Views
- I also Faced
- E-Mail Answers
Answer Posted / govinda_mahato05
We have to see the major component of Balance sheet contain of both sides i.e. Liabilities and Assets.
A balance sheet measures three kinds of variables: assets, liabilities and shareholder's equity.
Assets are things like factories and machinery that the company uses to create value for its customers.
Liabilities are what the company owes to outside parties, say to its vendors.
And equity is the money initially invested by shareholders plus the retained earnings over the years.
These three variables are linked by the relationship: Assets = Liabilities + Shareholder's equity.
Both assets and liabilities are further classified based on their liquidity, that is, how easily they can be converted into cash.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
How much statistics knowledge is necessary or required in accounting?
What is bond ? What is capital market?
What is an accounting transaction?
Tell me what a deferred asset is and give an example?
Please give me as example of service tax & Vat Posting through Tally.
What are the columns of a journal?
What is batch input? why we use batch input session in SAP(FICO)?
What is normative accounting?
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Tell me the stages of double entry system?
What does the investment of personal assets by the owner will do?
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
Tell me do you think there is any difference between inactive and dormant accounts?
what do you consider to be the biggest challenge facing the accounting profession today?
