Balance sheet interview questions and answers

Balance Sheet is a Statement showing financial position of the business on a particular date…

Items which appear under the liability side of Balance Sheet are:…

Items which appear under the assets side of Balance Sheet are:…

Adjustment entries are the entries which are passed at the end of each accounting period to adjust the nominal..

Preparing final accounts - a.) Closing Stock , b.) Depreciation ,c.) Outstanding Expenses , d.) Prepaid Expenses, e.) Accrued Income etc.