What is a Balance Sheet? Why is it prepared?

Asked by Last Modified  

4 Answers

Follow 0
Answer

Please enter your answer

Accounting and Taxation Expert

Balance sheet is a progress report of a company, which is prepared every financial year for the shareholders and investors which helps to them to take decision regarding investment.
Comments

Balance sheet is the statement of expenses & losses and assets & liabilities. it is prepared for getting profit or loss for financial year.
Comments

Experienced Finance and Management Teaching Professional looking for result oriented subject formation and training

Balance Sheet is a Statement of Account and which is prepared to find out the Financial Position of a company as on a particular date
Comments

Education is BASIC NEED like BREATHING-EATING

Balance sheet is a detailed report on the profitability and wealth standing of a company, must be prepared each year in cases of companies, registered partnerships etc., this presentation help the internal stake holders (management, shareholders, employees) and external stake holders (prospective investors,...
read more
Balance sheet is a detailed report on the profitability and wealth standing of a company, must be prepared each year in cases of companies, registered partnerships etc., this presentation help the internal stake holders (management, shareholders, employees) and external stake holders (prospective investors, suppliers, lenders etc.) take their decisions regarding business or business association with the company. read less
Comments

View 2 more Answers

Related Questions

Is B.com after 12th science very difficult to cope up?
No, as per my experience, first semester b.com might be bit difficult in understanding concepts but if you concentrate on subjects you will be able to cope up easily.
Profile Photo
Tushar
0 0
View Comments8
I had studied mba finance from a normal college so will I get job in worldwide if I learn german language
Yes, getting job will not be a problem, there are very few companies who will ask for branded names, you should keep applying. Remember to have command on soft skills, mannerism and communication skills,...
Profile Photo
Mubarak
Can I do a BCom after 12th humanities?
Hi Geet ...yes you can persue post humanities but make sure you do immense study of syllabus of class 11 commerce. I say this since you must know fundamentals of accounts, economics . It's advisable to...
Profile Photo
Geet
0 0
View Comments7
Can you tell me the straight line method to calculate depreciation?
(Purchase price of asset +installation & other exp relating to purchase of asset as per AS-scrap value/no. of years of its economic life of asset. Each year depreciation charged will be equal amount.
Profile Photo
Prabhash
0 0
View Comments6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

A short Concept of Dividend in Accountancy :--
A dividend is a distribution of a portion of a company's earnings, decided by the board of directors, paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock,...
Profile Photo

Important Points Regarding Offer
Following points are important to note regarding the offer: The offer may be made to the world at large: It means that it is not necessary that an offer should be made to a specific person. An offer...
Profile Photo

USERS OF FINANCIAL STATEMENTS
Accounting is the language of business. The objective of such language is to communicate information which is useful for varied category of people. Collectively we call them as “Users of financial...
Profile Photo

Small Mistakes that Students make during Professional (CA CS CWA) Exam preparation
Hi Friends, Most of us have faced the problem that even though we prepare well for the exam, we are not able to answer the questions exactly the way we want. In this article I’ll tell you some...
Profile Photo

Check and balance in cash flow
Cash flow statement is not the part of double entry book keeping process which starts from journal entry and sums up in balance sheet. But is drawn on the basis of balance sheets of two years it'sanswer...
Profile Photo

Recommended Articles

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you