Trading: Balance Sheet
A balance sheet gives a statement of a business's assets, liabilities and shareholders equity at a specific point in time.
- Why is a balance sheet required to file ITR3?
- What are Other Current Liabilities?
- What are Creditors?
- What are Provisions for Expenses?
- What is Loan Received?
- What is Proprietor's Capital?
- What is Balance with Broker?
- What are Loans/ Advances given?
- How is Depreciation calculated?
- What are Fixed Assets?
- What are Other Current Assets?
- What is Stock/Inventory?
- What are Debtors?
- What is Bank Balance?