Balance Sheet
This query is : Resolved
Guest
Guest
(Querist)
22 April 2011
What is a balance sheet? Which is a query in mind from so many days (Infosys interview question).
Basic question which is a fundamental one but created a query.
Every one say its just a format having two sides - one is liabilities and another is - assets.
But seeking for the exact meaning of balance sheet...
Thanks in advance.
Basic question which is a fundamental one but created a query.
Every one say its just a format having two sides - one is liabilities and another is - assets.
But seeking for the exact meaning of balance sheet...
Thanks in advance.
CMA Ramesh Krishnan
(Expert)
22 April 2011
Balance sheet is the assets and liabilites position of the business on a particular day
It reveals your business position,owners fund, debt fund, Investment, fixed assets and other asset balance on a particular day
It reveals your business position,owners fund, debt fund, Investment, fixed assets and other asset balance on a particular day
Guest
Guest
(Querist)
22 April 2011
Just yesterday i read the lines of balance sheet, can we say like this - for every rupee of asset there will be a liability or reserve or for every rupee of liability there will be an investment or asset. Is it right sir?
CMA Ramesh Krishnan
(Expert)
24 April 2011
yes. your lines also correct
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