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Balance Sheet Format

Balance Sheet Format

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Published by dilfarazz

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Published by: dilfarazz on Nov 18, 2009
Copyright:Attribution Non-commercial


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Final AccountsPart 3Balance SheetDefinitions and Concepts
The purpose of Preparing Balance Sheet is to disclose the financial status of businessorganization in terms of its assets and liabilities at any given point of time.
Format of Balance SheetLiabilitiesAmount(Rs)AssetsAmount(Rs.)
I. Owners’ Capital:
Opening balanceOf Capital XXXLess: Drawings XXXAdd/Less: Profit/LossTransferred fromProfit and Loss A/c XXX---------
Closing balance of CapitalII. Borrowed Capital/LongTerm Liabilities:
Secured Loan:Bank Loan XXXAny loan for moreThan 12 months andSecured. XXX---------Total Secured Loan XXXUnsecured loan:Any loan for morethan 12 months andunsecured XXX---------Total Unsecured Loan XXX
Total Long TermLiabilitiesIII. Current Liabilities:
Sundry Creditors XXXAdvance received
XXXXXXI. Fixed Assets:
Land XXXBuildings XXXPlant & Machinery XXXFurniture XXXVehicles XXXPatents XXXGoodwill, etc. XXX---------Gross Fixed Assets XXXLess: Depreciation XXX----------
Net Fixed AssetsII. Non-Current Assets:
III. Current Assets:
Sundry Debtors XXXInventory/Closing Stock:Raw Material XXXWork-in-Process XXXStore and Spares XXX-------Total Inventory XXXPrepaid expenses XXXIncome Receivable XXXCash at Bank XXXCash in Hand XXX--------
Total Current AssetsXXXXXXXXX

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