1.

From the following balances, prepare Trading and Profit and Loss Account and Balance Sheet: Closing Stock was valued at ₹ 30,000.

Answer»

A BALANCE sheet is a financial statement that reports a company's assets, liabilities and shareholders' EQUITY at a specific point in time, and provides a BASIS for COMPUTING rates of return and evaluating its capital STRUCTURE.



Discussion

No Comment Found

Related InterviewSolutions