What is the Difference between Balance Sheet and Trail
Balance ?
Answer Posted / guest
Trial Balance includes ledger pertaining to
Income,Expenditure,Asstes aswell as Liabilities of a company
But Balance sheet includes only Asstes and Liabilities of a
company
Trial Balance prepared for poarticular Financial Year but
Balance sheet is prepared for particular date ie on 31 St
MARCH
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what are the direct expense of loan department in banks.
Please guide in details about Payroll in Tally.erp9??
how pass journal entry in the month ending for input vat and out put vat
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Do you know any other accounting application?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
What is the difference between perpetual and periodic inventory systems?
Explain have you ever heard about tds, what it is?
what is differnce between balance sheet of a bank & a company
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
What is a cpa?
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
calculations of pf
Private purchases amounting to rs 5000 have been debited to purchases account
Tell us how can you define departmental accounting?