WHAT'S A BALANCE SHEET

Satish Rajan (Secreterial Executive) (359 Points)

01 October 2008

After the recent collapse of some of the world’s greatest banks….the definition of balance sheet has changed……the new definition is as below

We all know that the left side of the balance sheet is Liabilities and right side is assets…so the quote is:

“Nothing is RIGHT on the RIGHT side and Nothing is LEFT on the LEFT side” J

Reply
Follow
Share

3 Replies

CA Manasa (CA) (1479 Points)
Replied 01 October 2008

Very much True...

S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 01 October 2008

In the case of vertical balance sheet

Loaded on top with week bottom!

anandh raghavan (Member) (359 Points)
Replied 02 October 2008

Originally posted by :Satish Rajan
"	After the recent collapse of some of the world’s greatest banks….the definition of balance sheet has changed……the new definition is as below We all know that the left side of the balance sheet is Liabilities and right side is assets…so the quote is: “Nothing is RIGHT on the RIGHT side and Nothing is LEFT on the LEFT side” J	"