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प्रश्न
Write any two uses of the Balance Sheet?
उत्तर
Uses:
- It discloses the organization's liabilities.
- It depicts the company's financial situation.
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संबंधित प्रश्न
Explain five uses of Balance Sheet.
It is a financial statement which sets out the assets and liabilities of a trading or non-trading organisation as on a certain date.
It helps the investor to know the earning capacity and financial health of the firm.
______ is a financial statement which sets out assets and liabilities as on a certain date.
Distinguish between a Profit and Loss Account and a Balance Sheet.
It is a statement of assets and liabilities. It is prepared to judge the financial position on a particular date.
It is always prepared on a particular date.
Which of the following is not a feature of Balance Sheet?
All membership fees collected by a non-trading concern must be entered in the assets side of the balance sheet. Justify for or against.
Balance sheet is an Account. Justify.
