Asked in Financial StatementsInflation
Why does inflation restrict the usefulness of the balance sheet?
September 26, 2007 5:51PM
Most of the values are based on historical or original price. The balance sheet does not account for inflation, therefore the numbers will be incorrect when it comes to the actual price of inventory.
Asked in Inflation
Why inflation may restrict the usefulness of the balance sheet as normally presented Examples?
Various inflation accounting methods of accounting for inflation?
What are the differences between budgeted balance sheet and balance sheet?
What does it mean a balance sheet does not balance?
Asked in Math and Arithmetic, Algebra, Numbers
Where do you find positive and negative numbers in finance?
Difference between on balance sheet financing and off balance sheet financing?
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.
Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?
Difference between consolidated balance sheet and balance sheet?
Asked in Business Accounting and Bookkeeping
Is bond a on balance sheet or off balance sheet item?