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What else can I help you with?
Advantages of a balance sheet?
you will always control the balance
What happens when your balance sheet does not balance?
If your double-entry records are correct, a balance sheet will always balance (by definition).ASSETS = LIABILITIES + EQUITYIf it does not balance, check all your entries, since the last balance sheet that did balance. You will find one or more errors to correct. Find and correct all of the errors until the balance sheet balances.
Is the overall change in cash calculated on the statement of cash flows always the same as the beginning cash balance on the balance sheet?
the difference between the beginning and the ending cash balance on balance sheet
Does An adjusting entry always involves two balance sheet accounts?
NO
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.
Advantages of a balance sheet?
you will always control the balance
What happens when your balance sheet does not balance?
If your double-entry records are correct, a balance sheet will always balance (by definition).ASSETS = LIABILITIES + EQUITYIf it does not balance, check all your entries, since the last balance sheet that did balance. You will find one or more errors to correct. Find and correct all of the errors until the balance sheet balances.
Do adjusting entries always have an effect on the balance sheet?
yes
Is the overall change in cash calculated on the statement of cash flows always the same as the beginning cash balance on the balance sheet?
the difference between the beginning and the ending cash balance on balance sheet
Does An adjusting entry always involves two balance sheet accounts?
NO
Is a balance sheet supposed to balance?
it is always balance because it depicts the basic accounting equation it means all transactions recorded correctly if balance sheet don't balance it means some transactions missing or there are some errors.
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.
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 does adjusting entries affect?
always affectsa balance sheet and an income statement account
