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sakshi (become ca)     04 May 2014

become ca 
 43 points

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In balance sheet ,why assets are recorded in credit side and liabilities are recorded in debit side ,although both have opposite balance of Dr and cr ?
Roopali Kadam

Roopali Kadam (CA cleared- In Job)     04 May 2014

Roopali Kadam
CA cleared- In Job 
 125 likes  1391 points

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Balance sheet is not a ledger Account..

In Ledger A/c we have on left side Debited items & on  Right side Credited items.

In Balance Sheet (Horizontal format) on left side we have Liabilities which generally have Credit balance & on right side we have Assets having Debit balance.

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