Ask Experts Questions for FREE Help !
Ask
    madswan79's Avatar
    madswan79 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 14, 2012, 12:45 AM
    What information is contained in the balance sheet? What are the limitations of the b
    What information is contained in the balance sheet? What are the limitations of the balance sheet? How can we overcome those limitations?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Jul 14, 2012, 05:21 PM
    Quote Originally Posted by madswan79 View Post
    What information is contained in the balance sheet? What are the limitations of the balance sheet? How can we overcome those limitations?
    A basic understanding of accounting is needed before attempting such questions.

    A balance sheet is a statement of financial position at a specific date, it doesn't address cash flows and profitability this is why it is accompanied by a profit and loss statement and a cash flow statement as well as detailed notes

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Complete the balance sheet and sales information that follows using the following fin [ 0 Answers ]

Complete the balance sheet and sales information that follows using the following financial data: Debt ratio: 50%

Complete missing information from a balance sheet? [ 0 Answers ]

Complete the December 31, 2011 and 2010 balance sheets. Statement of Cash Flows for the year ended Dec. 31, 2011. Cash flows from operating activities: Net income $9000 Add (deduct) items not affecting cash: Depreciation expense 45000 Decrease in accounts receivable 23000 increase in...

Balance Sheet Missing Information [ 1 Answers ]

Ok guys I have 4 questions to ask. Question 1 I am constructing a balance sheet and I need help with missing numbers Assets Liabilities Cash 10,000,000 Accounts Payable is 20,000,000...

What information is contained in the balance sheet? What are the limitations of the [ 1 Answers ]

What information is contained in the balance sheet? What are the limitations of the balance sheet? How can we overcome those limitations of the balance sheet?

I am trying to prepare a balance sheet using the information provided. [ 1 Answers ]

Company Ledger Preparation 12-31 2007 2006 Cash 35,000 32,000 Accounts receivable 33,000 30,000 Allowance for doubtful...


View more questions Search