Balance sheet is account or statement?and Which account is
come under balance sheet(i.e. real,personal and nominal
account)?
- 3 Answers
- 4158 Views
- I also Faced
- E-Mail Answers
Answer Posted / johnson sts
Balance sheet is a Statement prepared to analyse the
Financial Position of the Business or Firm. Balance Sheet
contains Personal Account, Real Account and Nominal
Account.these three accounts are differentiated as
Liabilities on Left side and Assets on the Right Side.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is an ea in accounting?
can we change date in tally.erp s/w in educational mode ?
how sales invoices adjusted against advance received from Debtor?
How is an accounting department structured?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
what is t code of journal voucher report with amount?
whats the sales tax slab and company's turnover professional tax slab
What is the formula for acid test ratio in accounting?
what is the meaning of banking
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
What is fair value accounting definition?
what do you consider to be the biggest challenge facing the accounting profession today?
What is an adjusting journal entry?
Tell me what is the general classification of accounts that usually ledger account involve?
