ASSETS showing in balance sheet
Sagar Dey (6 Points)
09 December 2021can some please clear this concept i am not getting it, i have seen people deducting value of building from capital and not showing it in assets side.
Thanks in advance
Sagar Dey (6 Points)
09 December 2021
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 09 December 2021
balance sheet equation =
equity/capital = assets - liability
Net worth = reserves and surplus or assets - liabilities.
capital - assets = ? 50capital-100 assets = 50 liabilities? But assets are supposed to be shown on asset side.
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 10 December 2021
Tanuj Chandra Saxenaa
(Company Secretary)
(7085 Points)
Replied 11 December 2021
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools