Form of balancesheet

 

Why do you write Asset on left hand side and Liability on right hand side?

Replies (15)
why trees are green why not red ?

nothing but convention or that is just like why girls are she and boys are he

having a convention reduces the chances of misunderstandings and bring uniformity.

tree gives us fressness so trees is green

Originally posted by : Tarun
why trees are green why not red ?
Originally posted by : Robin

tree gives us fressness so trees is green

that means everything that is green should give freshness..

i dont think so.

Originally posted by : Tarun
why trees are green why not red ?

bhai tere ko ladka hi kyo kahte h ladki kyo ni.................
 

Question it self wrong..

Assets will be shown on Right side & Laibilities will be on left side..

Any question?

Balance Sheet is just a Presentation of Closing Balances of Ledger Accounts. All Credit Side Balancing figures (Left Hand side) are shown on Liabilities side (Left Hand side) and all Debit side Balancing figures (Right Hand side) are shown on Assets Side (Right Hand Side).

Thanks.

Originally posted by : Kiran

Question it self wrong..

Assets will be shown on Right side & Laibilities will be on left side..

Any question?
Originally posted by : Robin

tree gives us fressness so trees is green

?

Originally posted by : manish


Balance Sheet is just a Presentation of Closing Balances of Ledger Accounts. All Credit Side Balancing figures (Left Hand side) are shown on Liabilities side (Left Hand side) and all Debit side Balancing figures (Right Hand side) are shown on Assets Side (Right Hand Side).



Thanks.

obviously, the question is intended to find a logical or most logical explanation for such convention and not answers stating that since we cannot explain why trees go up so we cannot explain this convention as well.

hence, i feel the above quoted explanation seems to be most reasonable.

 

p.s. why in the USA they use opposite format of writing liabilities on right hand side and assets on left hand side ??

Any thoughts on this manish ?

We can easily grab the things with our poweful right hand and escape - so the things like land/building/plant/machinery/debtors/bank/cash ets; are right side

Our Left hand always weak - we don't like to give money to creditors/ we hate to pay our loans

If you are a lefthanded person you can make the asset left side of B/s...np

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details