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.
The heading of a balance sheet should have a blue header title.
balance sheet refers to position of assets n liabilities @ end of s yr..but stt of affairs refers to transactions entered into by the comp. durin tat yr..generaaly stt. of affairs is prepared in absence of bal sheet (ie) if bal sheet cudn b prepared due to unavoidable circumstances or its prepared,but currently N/A
balance sheet is linked to financial statements as both statement are prepared for business authenticity, and are also link to each other because it is government requirements.
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.
after income statement, before the balance sheet
balance sheet
Cash balance from cash flow statement should always tally with balance sheet cash balance otherwise it means that cash flow statement is not prepared accurately and proper investigation should be launched to check the discrepancies .
Cash Flow Statement's ending balance should match with the ending balance of cash in the balance sheet that is why cash flow statement is prepared to see the complete information about cash flow during the period if it doesn't match it means something wrong.
The heading of a balance sheet should have a blue header title.
budgeted balance sheet
Cashflow statement is preferably prepared after the balance sheet because it becomes much more easier to pick cashflow items from the bal. sheet than from individual ledgers.
balance sheet refers to position of assets n liabilities @ end of s yr..but stt of affairs refers to transactions entered into by the comp. durin tat yr..generaaly stt. of affairs is prepared in absence of bal sheet (ie) if bal sheet cudn b prepared due to unavoidable circumstances or its prepared,but currently N/A
balance sheet is linked to financial statements as both statement are prepared for business authenticity, and are also link to each other because it is government requirements.
Normally in balance sheet liabilities shown in left side of balance sheet but sides don’t matter much as sides can be change or in statement form of accounts there are actually no sided and balance sheet is prepared in statement form where assets comes first and then liabilities and equity.