Balance Sheet
It
is a statement of the asset, liabilities and capital of business or a firm for
a specific time in detailing the balance of income & expenditure and
revealing financial position of the business or a firm. It can be prepared in
two formats. They are
§ Horizontal Balance Sheet
§ Vertical Balance Sheet
Now let us see the format of each one below
§ Horizontal Balance Sheet
Balance Sheet for the Year Ended…………..
Liabilities
|
Amount
|
Assets
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Amount
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Net Profit for the Period
Further Capital Introduced
Interest on Capital
(-)Drawings
Interest on Drawings
Net Loss for the Period
Loans
Long term borrowings
Sundry Creditors
Bills/Notes Payable
O/s Expenses
Incomes Received In advance Etc
|
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
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Fixed Assets
Land & Building
Plant & Machinery
Equipment
Furniture &Fixtures
Investments
Current Assets
Sundry Debtors
Closing Stock
Bills/ Notes Receivables
Prepaid Expenses
O/s Incomes
Cash in Hand
Cash at Bank Etc
|
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
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TOTAL
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XXX
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TOTAL
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XXX
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§ Vertical Balance Sheet
Balance Sheet for the Year Ended………….
Particular
|
Schedule
Number
|
At the end of
current year
|
At the end of
previous year
|
I.
Sources of
Funds
1.
Shareholders’
Funds
Shareholders Capital
Reserves & Surplus
2.
Loans Funds
Secured Loans
Unsecured Loans
Total
I
I. Application of Funds
1.
Fixed Assets
Gross Block
Depreciation
(-)Net Block
Capital WIP
2.
Investments
3.
Current
Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank Balance
Other Current Assets
Loans & Advances
Less : Current Liabilities & Provision
Current
Liabilities
Provisions
Net Current Assets
4.
Miscellaneous
Expenditure to the extent not written off or adjusted
Profit & Loss A/c
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1
2
3
4
5
6
7
8
9
10
11
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XXX
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XXX
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XXX
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Total
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XXX
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XXX
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