23 July 2014
Balance sheet has two parts one is Liability and another is asset. liability consist 1. capital - which brought by company/firm and 2. other liability like creditors, bills payables, and more. so if you have been asked for Capital and total asset and other liability given than asset-other liability= capital. if capital and asset given then Asset - Capital = Other Liabililty. if Other liability and capital is given then Other liability + capital = asset.
CAclubindia
