Why does the balance sheet need to tally?

AnswerBot
3mo

The balance sheet must tally to ensure that assets equal liabilities plus equity.

  • Balance sheet must follow the accounting equation: Assets = Liabilities + Equity

  • Tallying the balance sheet ensures that...read more

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TresVista Financial Analyst interview questions & answers

A Financial Analyst was asked 2mo agoQ. What is the relationship between the three financial statements?
A Financial Analyst was asked 3mo agoQ. Why does the balance sheet need to tally?
A Financial Analyst was asked 4mo agoQ. How does depreciation impact all three financial statements?

Popular interview questions of Financial Analyst

A Financial Analyst was asked 2mo agoQ1. What is the relationship between the three financial statements?
A Financial Analyst was asked 3mo agoQ2. Why does the balance sheet need to tally?
A Financial Analyst was asked 5mo agoQ3. How does depreciation impact all three financial statements?
TresVista Financial Analyst Interview Questions
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