Re: ::: vuaskari.com ::: need info about mgt 101

Yes, a balance sheet should always balance. The name "balance sheet" is based on the fact that assets will equal liabilities and equity every time.

The assets on the balance sheet consist of things of value that the company owns or will receive in the future and which are measurable. Liabilities are what the company owes, such as taxes, payables, salaries and debt. The equity sections displays the company's retained earnings and the capital that has been contributed by shareholders.

The balance between assets, liability and equity makes sense when applied to a simpler example, such as buying a car for $10,000. In this case, you might use a $5,000 loan (debt), and $5,000 cash (equity) to purchase it. Your assets are worth $10,000 total, while your debt is $5,000 and equity is $5,000. In this simple example, assets equal debt plus equity.

The major reason that a balance sheet balances is the accounting principle of double entry. This accounting system records all transactions in at least two different accounts, and therefore also acts as a check to make sure the entries are consistent. Building on the previous example, suppose you decided to sell your car for $10,000. In this case, your asset account will decrease by $10,000 while your cash account, or account receivable, will increase by $10,000 so that everything continues to balance. (This is a very simple example. If you wish to learn more, check out Reading The Balance Sheet and Breaking Down The Balance Sheet.)

If the balance sheet you're working on does not balance, this should be a red flag that there is likely a problem with one or more entries. Even a small discrepancy can occur as a result of several errors that offset each other.

==============================================================
Imran Ali,
MBA 4th (Finance), COMPLETED
Officer at State Bank of Pakistan.

"The Hardest Part About Losing Love; IS FINDING YOUR WAY BACK".
imran-sbp@hotmail.com

===============================

On Mon, Mar 2, 2015 at 6:02 PM, 123 <tayyabbhutta@msn.com> wrote:

Dear is it necessary, liabilities and assets must be equal in balance sheet statement, if yes then please explain why?

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

Re: ::: vuaskari.com ::: CS408 - FINAL TERM SUBJECTIVE WITH REFERENCE SOLVED BY UMAIR SAULAT

GREAT WORK On Wed, Feb 20, 2013 at 11:30 PM, Umair Saulat < saulat.umair@gmail.com > wrote: CS408- Human Computer Interaction Solved Subjective Fall Semester 2012 QNo.1 it has been observed that most computer users use menu option for input instead of keyboard accelerator. What is the reason behind it? (2 Marks) Answer:- 1. Menu options are easier to find. 2. You don't have to memories the keys for menu option but for key board accelerators you have to memories them REF:: Handouts Page No. 127 QNo.2 Define active intervention. (2 Marks) Answer:- Active intervention with the participant and actively probes the participant understands of whatever is being tested. REF:: Handouts Page No. 276 QNo.3 what is Ubiquitous Computing? (2 Marks) Answer:- The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indi

Updating our Google Account inactivity policy

Every day Google works hard to keep you and your private information safe and secure by preventing unauthorized access to your Google Account with our built-in security protections. And keeping you safe means having strong privacy practices across our products that minimize how long we store your personal files and any data associated with them. We want to protect your private information and prevent any unauthorized access to your account even if you're no longer using our services. Therefore, we are updating the inactivity period for a Google Account to two years across all our products and services. This change starts rolling out today and will apply to any Google Account that's been inactive, meaning it has not been signed into or used within a two-year period. An inactive account and any content in it will be eligible for deletion from December 1, 2023. What this means for you: These changes do not impact you unless you h

Learn more about our updated Terms of Service

stargthb@gmail.com On January 5, 2022, we're making some changes to our Terms of Service. These changes won't affect the way you use Google services, but they'll make it easier for you to understand what to expect from Google — and what we expect from you — as you use our services. You can review the new terms here . At a glance, here's what this update means for you: More clarity on what you can expect from Google and what we expect from you : We're providing more examples to describe the mutually respectful conduct that we expect from all our users. Improved readability : While our terms remain a legal document, we've done our best to make them easier to understand, including reorganizing some topics so that they're easier to find. If you use Family Link to manage a Google Account for someone else, please take some time to talk to them about these changes. Thank you for using Google!

VU Study

Search This Blog