07-16-2006, 11:14 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Ahmad Khan</i>
<br />Hi everyone, I am new at this forum.
The question I want to ask is does balance sheet has a debit and credit side. I know that balance sheet is not a ledger. What I have come across, ppl often call the asset side of balance sheet as debit side and liability side as credit side, even when liabilities are normally on the right side.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
IAS 1 will help you in this regard!
