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Which best describes the balance sheet ? 1: list of accounts 2: list of balances 3: list of running accounts 4: (both 2 & 3)

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Question added by zain khan , senior Auditor , Manzoor Hussain Mir & Co. (Chartered Accountants)
Date Posted: 2015/09/01
Yasir Khilji
by Yasir Khilji , GROUP INTERNAL AUDIT MANAGER , Hamdan Trading Group LLC

Answer is3 (List of running accounts) as list of balances will automatically reflect in it

Deleted user
by Deleted user

3) list of running account>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Badar Iqbal
by Badar Iqbal , Distribution Manager & K.P.O , Dalda Foods LTd

List of running account its option3

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

correct answer is4

thank you 

 

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

4: (both2 &3)  list of balances for running accounts at a specific moment in time .

Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

Balance Sheet is the list of balances of the running accounts

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

best answer is

 

4: (both2 &3) :

list of balances 

list of running accounts 

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