A Balance sheet is prepared to achieve following objectives:
Why Balance Sheet is Prepared?
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What are the Characteristics of Balance Sheet?
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The Balance Sheet of a business possesses the following characteristics:
What are the difference between Profit and loss account and Balance sheet?
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The difference between Profit and loss account and Balance sheet are;
What are the difference between Trial Balance and Balance Sheet?
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The difference between Trial Balance and Balance Sheet are:
What are the advantages of Marshalling?
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The main advantages of marshalling are as follows:
What are the main Objectives of Balance Sheet?
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The main objectives of preparing a Balance Sheet is to ascertain the financial position of the business on a particular date.
What do you mean by Balance Sheet?
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A balance sheet is an accounting statement prepared from accounting balances at a given date.
What are the importance of Profit and Loss Account?
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The importance of Profit and Loss account lies in the fact that it provides accounting date which can be used for some managerial decisions as given below:
What do you mean by Depreciation?
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Depreciation is decrease in the value of assets due to getting old, wear and tear, accidents and other reasons.
What are the features of profit and loss account?
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The Features of Profit and Loss Account are as follows:
What are the objectives of Trading Account?
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The preparation of Trading account fulfills the following objectives:
What do you mean by Revenue Expenditure?
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According to William Pickles “Revenue expenditure can be described as such outlay as is necessary for maintenance of earning capacity
What do you mean by Capital Receipts?
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Capital receipts consist of additional payment made to business by proprietors, loans taken and receipts from sale of a fixed assets of business…
How to write a letter to your friend describing a cinema picture which appealed you very much?
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Please accept my friendly salute. I got your letter. You have asked me to describe a cinema picture which appealed me very much. I am writing it below.
How to write a letter to your friend, describing a weeding at which you were present?
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Recently, my uncle gave her daughter. Padmini in marriage with a graduate named Shreekanta. My uncle invited me. I went there, three days prior to this marriage. There, I stayed till the wedding was over.