After the recent collapse of some of the world’s greatest banks….the definition of balance sheet has changed……the new definition is as below
We all know that the left side of the balance sheet is Liabilities and right side is assets…so the quote is:
“Nothing is RIGHT on the RIGHT side and Nothing is LEFT on the LEFT side” J
Very much True...
In the case of vertical balance sheet
Loaded on top with week bottom!
| Originally posted by :Satish Rajan | ||
| " | After the recent collapse of some of the world’s greatest banks….the definition of balance sheet has changed……the new definition is as below We all know that the left side of the balance sheet is Liabilities and right side is assets…so the quote is: “Nothing is RIGHT on the RIGHT side and Nothing is LEFT on the LEFT side” J |
" |
thats true but the main thing is the person who made it knows well before the whole world comes to know the true picture of it....
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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