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asadullah1992 Age: 32 5006 days old here Total Posts: 11 Points : 9 Location: Karachi, Pakistan Status : Offline	Subject : Accounts _________ is a Fixed Asset? a) Merchandise b) Furniture c) Cash d) Prepaid Insurance Like no likes.
	Posted on May, 12 2011 10:34:23 PM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	Furniture is fixed asset Like no likes.
	Posted on May, 13 2011 07:38:05 AM

cute4cute

Age: 37

5027 days old here
Total Posts: 3565
Points : 242

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lahore, Pakistan

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LEOPARD said:
Furniture is fixed asset

jawaab bilkul darust hain............Taliyaaaaaaaan!!

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Posted on May, 13 2011 09:06:42 AM

kashifaziz19 Age: 33 4972 days old here Total Posts: 115 Points : 50 Location: kohat, Pakistan Status : Offline	next q? what is accrued revenue? Like no likes.
	Posted on May, 13 2011 11:06:43 AM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	Accrued revenue is income that has been incurred but not received, such as monthly rent that is due in arrears. @ cute bro thanx for taliyaaaaaaan....hahahaaaa Like no likes.
	Posted on May, 13 2011 11:21:26 AM

khurrambaber Age: 42 5035 days old here Total Posts: 2400 Points : 60 Location: gujranwala, Pakistan Status : Offline	wah jee wah. sirf tyaliyooon pay hee khous. gud. aachaa tu yeah merchandise kya hota hai. furniture & fixtures tu theek hai fixed assets he hota hai Like no likes.
	Posted on May, 13 2011 12:59:47 PM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	Merchandise is inventory and is considered as current asset. Like no likes.
	Posted on May, 13 2011 01:14:33 PM

cute4cute

Age: 37

5027 days old here
Total Posts: 3565
Points : 242

Location:
lahore, Pakistan

Status : Offline

LEOPARD said:
Merchandise is inventory and is considered as current asset.

another taliyaaan..........or aap ka admission pakka in my institute cz u r kabel bandi,,,,hahaha

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Posted on May, 13 2011 01:47:18 PM

789456 Age: 37 5041 days old here Total Posts: 223 Points : 175 Location: karachi, Pakistan Status : Offline	why we use belence sheet Like no likes.
	Posted on May, 13 2011 02:10:53 PM

cute4cute Age: 37 5027 days old here Total Posts: 3565 Points : 242 Location: lahore, Pakistan Status : Offline	First bro now balance sheet name have changed into Financial Statement and 2nd ...> to know the financial position of our business at the end of the year called Financial Statement Like no likes.
	Posted on May, 13 2011 02:13:59 PM

khurrambaber Age: 42 5035 days old here Total Posts: 2400 Points : 60 Location: gujranwala, Pakistan Status : Offline	very gud. thx leopard. ap ny waisay kiya kiya hoa hai aur kiya karteee hain. jungle ky ilawaaa, Like no likes.
	Posted on May, 13 2011 02:16:44 PM

cute4cute

Age: 37

5027 days old here
Total Posts: 3565
Points : 242

Location:
lahore, Pakistan

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khurrambaber said:
very gud. thx leopard. ap ny waisay kiya kiya hoa hai aur kiya karteee hain. jungle ky ilawaaa,

khurram bhai buhat jalad aap leopard k baray main jaan'nay walay hain....lolz

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Posted on May, 13 2011 02:18:11 PM

LEOPARD

Age: 40

5009 days old here
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cute4cute said:
First bro now balance sheet name have changed into Financial Statement and 2nd ...> to know the financial position of our business at the end of the year called Financial Statement

No bro u r wrong.Balance sheet name have not changed.
balance sheet is just a part of a financial statement but finanacial statement can not be balance sheet.

A financial statement is a written report which quantitatively describes the financial health of a company. This includes an income statement and a balance sheet, and often also includes a cash flow statement.

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Posted on May, 13 2011 02:27:34 PM

cute4cute

Age: 37

5027 days old here
Total Posts: 3565
Points : 242

Location:
lahore, Pakistan

Status : Offline

LEOPARD said:
cute4cute said:
First bro now balance sheet name have changed into Financial Statement and 2nd ...> to know the financial position of our business at the end of the year called Financial Statement
No bro u r wrong.Balance sheet name have not changed.
balance sheet is just a part of a financial statement but finanacial statement can not be balance sheet.
A financial statement is a written report which quantitatively describes the financial health of a company. This includes an income statement and a balance sheet, and often also includes a cash flow statement.
but in advance Financial statement we can'nt use the word balance sheet for our financial position....anhow may b IaS or IFRS main kuch flexbility ho..

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Posted on May, 13 2011 02:30:52 PM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	We use balance sheet to know the financial position of a business after a specific time period. Like no likes.
	Posted on May, 13 2011 02:31:40 PM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	Kindly bro tell from which book u read it.Because I have never studied it in any accounts book. Like no likes.
	Posted on May, 13 2011 02:32:59 PM

cute4cute Age: 37 5027 days old here Total Posts: 3565 Points : 242 Location: lahore, Pakistan Status : Offline	nai yara asa nai hai mujay IFRS/IAS batao i wana also read it now ! balance sheet kay name ki baat bata raha hun is ka naam aab financial statement hai or sab Assets liabilty wesi he aaty hain jesay balance sheet main aatay thay Like no likes.
	Posted on May, 13 2011 02:34:22 PM

LEOPARD

Age: 40

5009 days old here
Total Posts: 3628
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Location:
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cute4cute said:
khurrambaber said:
very gud. thx leopard. ap ny waisay kiya kiya hoa hai aur kiya karteee hain. jungle ky ilawaaa,
khurram bhai buhat jalad aap leopard k baray main jaan'nay walay hain....lolz

Ap kia secret open kurnay valay ho??

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Posted on May, 13 2011 02:34:37 PM

cute4cute Age: 37 5027 days old here Total Posts: 3565 Points : 242 Location: lahore, Pakistan Status : Offline	net pay na na serach karain na hum nay amendment/updation ko follow kerna hai Like no likes.
	Posted on May, 13 2011 02:35:47 PM

LEOPARD Age: 40 5009 days old here Total Posts: 3628 Points : 35 Location: Bahawalpur, Pakistan Status : Offline	Bro main nay tau IAS.1 PRESENTATION OF FINANCIAL STATEMENTS purha hua hai book main.Us main tau kuch aisa nai tha.In that balance sheet is also known as Statement of Financial Position. Like no likes.
	Posted on May, 13 2011 02:41:29 PM

cute4cute

Age: 37

5027 days old here
Total Posts: 3565
Points : 242

Location:
lahore, Pakistan

Status : Offline

LEOPARD said:
Bro main nay tau IAS.1 PRESENTATION OF FINANCIAL STATEMENTS purha hua hai book main.Us main tau kuch aisa nai tha.In that balance sheet is also known as Statement of Financial Position.

ExactLY but Exam main aab balance sheet ka word nai use kia jata have changed into financial statement for the year ended......

anhow aap asa karain search karain ager avalble ho net pay. amendment of IAS..but 2010 say pahlay ki nai

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Posted on May, 13 2011 02:53:16 PM

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