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What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the Difference between income statement and profit and loss account?
Both are sameIncome statement shows both operating and non-operating amounts. Revenue, Net profit/loss and profit per share. I think you are thinking of the Balance sheet that lists assets, liabilities and shareholders' equity.
Where does Netprofit appear in the Balance Sheet?
Net profit appears on liabilities of balance sheet . Net profit is added to capital.
Link between balance sheet and cash flow?
There is a direct link between a balance sheet and cash flow. The two are linked by the net income inform of profit or loss which appears in both statements.
What is schedule 6 of companies act?
Schedule 6 provides general instructions to prepare balance sheet and Profit and Loss Account
What is the difference between goodwill and brand name?
Goodwill is the difference between the price paid for a business and the net book value of assets in the balance sheet of that business. The price paid for a business is usually more closely related to its profit stream rather balance sheet value. A strong brand can influence profit but would not appear as an asset on the balance sheet. The level of profit could also be influenced by staff competences and staff competences are not shown as an asset on the balance sheet. That difference between price paid and balance sheet value of assets might be due to the strength of the brand name, but it could also be due to other things.
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
What is the difference between a balance sheet from an income sheet?
Income Statement shows the net profit of one fiscal yearBalance sheet shows the overall position of company from start of the business to any point of time.
What is the difference between a patient day sheet and procedure day sheet?
what is the difference between a patient day sheet and a procedure day sheet.
What is the difference between GI sheet galvanized mild steel sheet?
The difference between the GI sheet galvanized and mild sheet steel is the gauged used. The other difference is the materials used and the galvanization aspect.
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the Difference between income statement and profit and loss account?
Both are sameIncome statement shows both operating and non-operating amounts. Revenue, Net profit/loss and profit per share. I think you are thinking of the Balance sheet that lists assets, liabilities and shareholders' equity.
What is the difference between Excel sheet and spread sheet?
They are the same thing, excel is Microsoft's spreadsheet programme.
What are the reason where the balance sheet will not tally?
Balance sheet is the summary of Assets ,Liabalities , and profit or loss from Profit and loss account. following are the common reasons 1.As Purely based on nduble entry system For each ledger debits there should a equlent ledger credit on all transactions. 2. We can divide ledgers into Balance sheet items and Profil and loss account items. Balance sheet ledgers are ledger balances which directly reflects in Balance sheet Profit and Loss ledgers are ledgers which is reflecting only in Profit and loss account not in balance sheet. 3. Check the opening balance sheet, difference in opening balance sheet may the reason.
Where does Netprofit appear in the Balance Sheet?
Net profit appears on liabilities of balance sheet . Net profit is added to capital.
