If the assets are not equal to the liabilities then a self-revealing error has occurred . However there are some errors which are not easily identifiable like an error of commission on both the debit and credit effects.It is always advisable to get an audit done to check your accounts.
balance sheet
balance sheet
The income and balance sheet shows the amount of debt a company has. To investors, this is a way to determine if they are capable of meeting their obligations.
Loan is on balance sheet
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
grouping and marshalling in balance sheet grouping and marshalling in balance sheet
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
Proforma balance sheet is a projected balance sheet to predict the future of business.
my balance sheet does not balance why?
balance sheet
EBIT is not show in balance sheet rather Earning after tax is shown in balance sheet.