Assets = Liabilities + Equity is the Balance Sheets Equation.
Comparative balance sheets are those in which compassion of two or more balance sheets are done in parallel.
Balance sheet is prepared to know the financial position on the Business/Company.
Balance sheet is prepared to show the overall performance of business from it's inception to till date.
Do you mean: can a bank balance be a liability? If so, yes. If a bank balance is an overdraft then that balance should be shown in current liabilities.
Balance Sheets are usually prepared by business entities once a year, ie. at the end of the financial year, of the country in which the company is incorporated. They can also be prepared two times a year, ie. half yearly, in order to assess that entity's performance.
Assets = Liabilities + Equity is the Balance Sheets Equation.
Comparative balance sheets are those in which compassion of two or more balance sheets are done in parallel.
When there is a relationship between companies as parent and child then it is time to consolidate the balance sheets.
India's balance of payments is prepared by the Reserve Bank of India.
Balance sheet is prepared to know the financial position on the Business/Company.
Consolidated balance sheet is prepared by companies who holds one or more subsidiary companies and consolidated balance sheet shows the overall results of parent company as well as subsidiary at one financial statment and helps to make better dicision making process.
Balance sheet is prepared to show the overall performance of business from it's inception to till date.
Balance sheets are ordinarily projected after income statements because the firm's growth in retained earnings, an outcome of projected income, is a required input for the balance sheet.
They're prepared after the financial year end. For large companies and corporations on stock markets they have 6 months to prepare them. While smaller companies tend to have longer, in the UK it is currently 10 months, soon to be just 9 months.
balance sheet
cashflow,incomesystemand balance sheets