How is balance sheet important?

Q: Is a drawing account capital?

A: Drawings: It refers to the withdrawals made by the owner from the business including cash, goods,…

Q: How do we write balance sheet

A: For public companies, it is mandatory to report four major financial statements. These four major…

Q: What is a classified balance sheet?  Give examples?

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: What is responsibility accounting?

A:

Q: Explain the uses and limitations of a balance sheet.

A: Balance Sheet is a financial statement that reports a company's assets, liabilities and…

Q: What are the limitations of balance sheet?

A:

Q: What are the advantages of balance sheet?

A: Financial Statement:   A financial statement is the complete record of financial transactions that…

Q: What does the balance sheet statements summarize?

A: This financial statement reports a company’s resources (assets) and claims of creditors…

Q: How do you show profit and loss on a balance sheet?

A: Balance Sheet is the part of financial statement which shows the financial position of the company…

Q: What do we mean by a cash flow diagram?

A: Cash is the most important asset for an organisation. The receipt and payment of cash during an…

Q: What is arbitrage?

A: Arbitrage It is the buying and offering of an asset to benefit from a distinction within the cost…

Q: What is balances sheet?

A: Financial statements refer to structured records in a proper format that conveys the performance and…

Q: What is a balance sheet?

A: Balance sheet is the summary of balances of all the assets and liabilities of a business…

Q: Where can the data of a Balance Sheet be useful?

A: Balance sheet is a financial statements which shows the financial position of the company. It shows…

Q: what is the projected balance sheet?

A: Balance Sheet: It is the financial that presents the company's assets, liabilities and shareholders'…

Q: or Balance sheet

A: The right answer is option d Financial performance of the company over a period of time,

Q: Why we call balance sheet a “balance sheet”?

A: A balance sheet is a very important statement for every company it provides a snapshot of your…

Q: Define a comparative balance sheet?

A: A comparative balance sheet presents the information about the Assets, liabilities and Equity side…

Q: Define balance sheet

A: Introduction: The financial statement is a detailed analysis of the financial situation of the…

Q: What is the importance of liquidity?

A: Introduction: Liquidity is nothing but the ability of the bank to turn money into cash and to be…

Q: what are the different categories on the balance sheet and what do they represent?

A: The balance sheet is one of the three basic financial statements, and it is essential for financial…

Q: How do you treat net loss on a balance sheet?

A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…

Q: How do I make a balance sheet?

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: what goes on the balance sheet?

A: Balance sheet: This financial statement reports a company’s resources (assets) and claims of…

Q: What is the difference between a PL and a balance sheet?

A: Balance sheet records the assets and liabilities of the firm at a point in time. P&L account or…

Q: how to create a balance sheet?

A: Purpose of the balance sheet   A balance sheet is a statement that shows the assets, liabilities,…

Q: What is a Balance sheet? Explain

A: SOLUTION- BALANCE SHEET- IT IS A STATEMENT THAT SHOWS THE FINANCIAL POSITION OF THE BUSINESS . IT…

Q: do you understand by the term "Liquidity Management". Why is important ?

A: in organisation company have large amount money held in different forms assets but it takes time to…

Q: What are economic agents?

A: Examples of economic Agents: Departmental heads, production manager (internal agents), and supplier…

Q: What is Asset Management?

A: Asset management (turn over) ratios compare an organization's assets with its turnover. Asset…

Q: Explain assumptions related to monetary unit?

A: As per the money measurement assumptions, only quantifiable transactions are recorded in the books…

Q: What is liquidity (corporation)?

A: Ability of a firm to raise the cash whenever there is need is known as liquidity of the company.…

Q: What is the cost constraint, and how does it affect financial reporting?

A: Under financial accounting, constraints are referred to as boundaries or guidelines prescribed in…

Q: What are the basics of a balance sheet?

A: Financial statement:  Financial statements are condensed summary of transactions communicated in the…

Q: Question. Explain briefly Balance sheet?

A: Introduction: A balance sheet is a breakdown of all the assets and liabilities of a company…

Q: What is revenue?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What is information content hypothesis (dividends)?

A: Managers of the company generally prefer not to reduce the dividends paid to the shareholders with a…

Q: How to do Balance sheet?

A: The balance sheet is the financial statements of the business that represents the financial position…

Q: What are the revenue credits? Give an example?

A: Meaning of Revenue Credit:Revenue Credit refers to the payments received in advance for services…

Q: What is TDS? Where do you show TDS on a balance sheet?

A: TDS: TDS stands for tax deducted sources. If the payment exceeds certain limits, then any company or…

Q: What is a classified balance sheet?

A: Balance sheet: This is a financial statement that reports a company’s resources (assets) and claims…