0

How important is accuracy on a balance sheet?

Anonymous

∙ 15y ago

Updated: 8/18/2019

There is no tolerance for errors at all.

So the accuracy is expected to be absolute.

Wiki User

∙ 15y ago

What else can I help you with?

Related Questions

Principal accounts on a bank's balance sheet?

Loan account is the most important account in the bank's Balance sheet.

Is Loan on balance sheet or off balance sheet?

Loan is on balance sheet

Difference between on balance sheet financing and off balance sheet financing?

In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.

Accumulated depreciation appears on what balance sheet?

Accumulated depreciation appears on the balance sheet in the fixed assets section. It's important to keep all the financial aspects of a balance sheet in order so that they can be understood by multiple readers.

What accounts are balance sheet accounts?

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 grouping and marshalling in balance sheet

Is there a difference between a merchandiser's balance sheet and a service company's 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.

What is a pro forma balance sheet?

Proforma balance sheet is a projected balance sheet to predict the future of business.

Allowance for doubtful accounts is reported in the a balance sheet or a income sheet?

balance sheet

What does it mean a balance sheet does not balance?

my balance sheet does not balance why?

Is EB-IT shown in balance sheet?

EBIT is not show in balance sheet rather Earning after tax is shown in balance sheet.

What are post balance sheet items?

Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.

Trending Questions

What was the most important compromise of the constitutional convention? How many sets of teeth do we get in our lifetime? Adderall side effects - when will they improve? What is nineteen decimal eight hundred seventy-eight plus one tenth? When did Forrest Crissey die? Which group of people brought the first horses to the New World? How can a dragon fly but a komodo dragon not? What happens when you hit the white ball with the cue? What is the cause of hard shifting Trans fluid too low or breaking down? How do you load a Thompson black diamond rifle? How do you get the tail shaft out of 350 turbo trans how do you get it out? What is 66.6 percent of 1600? If illegal immigrant mother leaves country and father gives up all rights does he still have to pay child support? Which organ is dually innervated? How many ounces does 212.4 grams equal? What kind of doctor specializes in the human eye? What is efferdrine? How come you like ice cream? When US became the nuclear power? What made Athena a hero?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.