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WHICH PRACTISE MOSTELY USED TO PREPARE BALANCE SHEET IN NORMAL COURSE OF BUSINESS??

<p>A) PERMANENCY PREFERENCE METHOD</p> <p>Asset and Liablities shows on base of permanence.</p> <p> </p> <p>B) LIQUIDITY PREFERENCE METHOD</p> <p>Assets and Liabilities shows on the base of liquidity then permanence</p> <p>C) MIX METHOD.</p> <p>Assets shows with permance then liquidity libilities shows with liquidity than permanency</p> <p> </p>

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تم إضافة السؤال من قبل irfan khalid , Senior Sales Executive , Ghantoot Group ( Bin Mehran Ready Mix Concrete)
تاريخ النشر: 2014/09/09
مستخدم محذوف‎
من قبل مستخدم محذوف‎

Comapnies normally follow permaneny method.

 

A) PERMANENCY PREFERENCE METHOD

Asset and Liablities shows on base of permanence.

 

Proprietorship and Partnership mostly present assets and liabiilities in the order of liquidity.

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

C) MIX METHOD.

 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

C. Mix Method

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

I would say C- Mixed method.

 

Khaled Mohee Eldeen Abbas Mahmoud
من قبل Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

B) LIQUIDITY PREFERENCE METHOD

A balance sheet (also known as a statement of financial position) is a formal document that follows a standard accounting format showing the same categories of assets and liabilities regardless of the size or nature of the business.

The strength of GAAP is the reliability of company data from one accounting period to another and the ability to compare the financial statements of different companies.

All balance sheets follow the same format: If it is in two columns, assets are on the left, liabilities are on the right, and net worth is beneath liabilities. If it is in one column, assets are listed first, followed by liabilities and net worth.

 

Mian Muhammad Naeem Jan
من قبل Mian Muhammad Naeem Jan , Chief Finance Officer , Sidra Events Management Company Ltd

C: Mostly C is in practice

Akram Ansari
من قبل Akram Ansari , Accountant , Habibullah & Co. Charted Accountant

mix method

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Mixed Method is right answer.

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

c - mixed method 

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