Trial balance is something that gets used internally within the company. It records all the closing balances of the general ledger accounts. It's not a financial statements, it's just done for internal verification of credits and debits and make sure all amounts are balanced. But, a balance sheet is an official statement of a company's assets, liabilities and equity. It is used to show the accuracy of the company's finances by checking if the assets of the company is equal to the liabilities plus equity. It has to be recorded hat the end of every financial year and will be shared externally. It is prepared in a particular format as well. I thought I would do a video, but i have a small time crunch. So i am replying to this. Sorry for the late response. Will try to make a video on this topic later.
Ma'am, you explained well the concept, please at least solve both the question in the MMPC-004 assignments. THE SAME WAY YOU SOLVED THE mmpc-5 NUMERICAL QUESTION NO 4. EXCELLENTLY ..PLEASE
Nice videos Mam,
Kindly solve & explain the Question no. 5 of this TEE Dec 2022 Assigmnet of MMPC-004(IGNOU) course
thank you
Maam please explain about balance sheet and trail balance
Trial balance is something that gets used internally within the company. It records all the closing balances of the general ledger accounts. It's not a financial statements, it's just done for internal verification of credits and debits and make sure all amounts are balanced.
But, a balance sheet is an official statement of a company's assets, liabilities and equity. It is used to show the accuracy of the company's finances by checking if the assets of the company is equal to the liabilities plus equity. It has to be recorded hat the end of every financial year and will be shared externally. It is prepared in a particular format as well.
I thought I would do a video, but i have a small time crunch. So i am replying to this. Sorry for the late response. Will try to make a video on this topic later.
Thanks madam.
😍🥰🥰🥰🥰
Direct and indirect method only for cash from operations ?
Investing and financing only one method ?
Hi, I did not exactly get the context of your question. Could you elaborate on what exactly are you asking about?
@@anusclassroomDo cash flow from Financing and Investing also have Indirect method for preparing ?
Cash flow can be prepared in two ways
Ma'am, you explained well the concept, please at least solve both the question in the MMPC-004 assignments. THE SAME WAY YOU SOLVED THE mmpc-5 NUMERICAL QUESTION NO 4. EXCELLENTLY ..PLEASE
Sure, will plan for it!
pdf notes available?
Telegram link mam please
Telegram link
t.me/anusclasses
Ma'am I am unable to find your Telegram channel. Can you please share link for the channel?