Question

What is memorandum balance sheet?and What's the difference between a Balance Sheet and Memorandum Balance Sheet?

Answer 1

Hye!!!...


Ur answer is ;-
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In order to ascertain the book value of the Sundry assets, Memorandum Balance Sheet is prepared. In short, Memorandum Balance Sheet is prepared to ascertain the Sundry Assets and the Balance Sheet is a statement that depicts the position of Assets and Liabilities.

#riShu;-)

Answer 2

balance sheet is prepared whereas memorandum balance sheet is prepare to ascertain