Why Balance Sheet rather assets and liabilites stmt
This query is : Resolved
11 November 2008
why should we call it as Balance sheet rather Statement of assets and liabilites since it shows liabilites and assets
11 November 2008
And also shows how they are balanced by the balancer viz., Equity Funds!
11 November 2008
Balancer?! It is of same meaning that of Equity funds?
But it shows not only with equity funds but with all long term funds?
But it shows not only with equity funds but with all long term funds?
11 November 2008
THat is because long term funds other than equity are liabilities.
11 November 2008
thank q sir
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