Interested to Buy Any Domain ? << Click Here >> for more details...
How to make balance sheet, please advise me in details...
Thankx
- 1 Answers
- 4261 Views
- I also Faced
- E-Mail Answers
Answer Posted / ameet narayankhedkar
In financial accounting, a balance sheet or statement of
financial position is a summary of the financial balances of
a sole proprietorship, a business partnership, a corporation
or other business organization, such as an LLC or an LLP.
Assets, liabilities and ownership equity are listed as of a
specific date, such as the end of its financial year. A
balance sheet is often described as a "snapshot of a
company's financial condition". Of the four basic financial
statements, the balance sheet is the only statement which
applies to a single point in time of a business' calendar year.
A standard company balance sheet has three parts: assets,
liabilities and ownership equity
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Define the term material facts in accounting?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
What is the abbreviation for the accounting terms debit and credit?
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
Why is accuracy important in accounting?
What do you know about this position?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
What is ppe in accounting?
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
What are bills receivable?
state (5) accounting concepts and give 1 example of each
how in the big companies the budget are prepared and controlled?
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
Please advise how to calculate net asset....
