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 General Ledger  |  Question 43 of 53    Print  
Which items belong in balancesheet statement and do not appear in income statement?

  
Total Answers and Comments: 1 Last Update: November 28, 2007     Asked by: Johnny 
  
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November 28, 2007 10:12:21   #1  
yournura Member Since: November 2007   Contribution: 5    

RE: Which items belong in balancesheet statement and do not appear in income statement?

Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance sheet items. For ex, advance given to manager for travelling. Mangaer is to be treated like debtors. other side cash is going outside will cash balance both items appear in assets side of the balance sheet.


 
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Latest Answer : Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance sheet items. For ex, advance given to manager for travelling. ...
Read Answers (1) | Asked by : Johnny

Latest Answer : Cash Flow statement is a generate income, not the invoices. there are two types of cashflow 1. Inflow 2. Outflow1 Inflow: eg. if you received cash from your credit customers, you will decrease your debtors and it's become inflow to your cashflow ...


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