Accountancy, asked by rubasri2492, 1 year ago

Name and explain the principles of Accounting in the following cases:


a) Balance sheet is not a valuation statement .
​b) Caliber or quality of management team is not directly disclosed in the Balance Sheet.



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Answers

Answered by Arslankincsem
12

Balance Sheet is not the valuation statement but the position statements that would reflect amount of assets as well as liabilities that is held on most of the business at given point of time.


Balance Sheet does not have the assets cannot be expressed in the monetary terms not reflected in the most important aspects.

Answered by ViratKohli36183
10
Hey Here is Your Answer

Balance Sheet is not the valuation statement but the position statements that would reflect amount of assets as well as liabilities that is heid on most of the business at given point of time.

Balance Sheet does not have the assets cannot be expressed in the monetary terms not reflected in the most important aspects.

Hope it Helps...
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