how to prepare balance sheet
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Answered by
1
it can be prepared with the help of profit nad loss account and trading account.. remember to use provisions of bad debts and reserve along with o/s balances and prepaids.
indhu35:
is it become equal at last
if its not the extract balnce sheet, it will match
kk
only extract bal. sheet doesn't match which are made only to assertion of fewer items
thanks
Answered by
1
Answer:
- Balance sheet is used to find the financial statements of the business.
- Both assets and liabilities should be tallied.
- It is prepared with the help of trading and profit and loss a/c.
- If there is any adjustments means it has two effects one is in trading or P&L a/c and the other is in balance sheet.
I hope you got it. if it is helpful mark me as the brainalist.
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