Vertical Balance Sheet

Balance Sheet as at

Rs. Rs.
Equity and Liabilities (Sources of funds)
i) Shareholders funds
a) Capital
Equity Share Capital
Preference Share Capital xx
Less : Unpaid Calls xx
Add :.Forfeited Shares xx

b) Reserves Gs Surplus
Capital Reserve xx
Capital Redemption Reserve xx
Securities Premium . xx
General Reserve xx
Sinking Fund xx
Dividend Equalisation Reserve xx
W0rkmen‘s Compensation Fund xx
Revaluation Reserve xx
Development Reserve xx
Other Reserves xx
P & L A/c Cr. Balance xx xx
xx
Legs : Fictitious Assets : xx
Profit &. L A/ c Debit Balance xx
Preliminary Expenses xx
Share Issue Expenses ' xx
Discount on Issue of Shares and xx
Debentures xx
Underwriting Commission xx
Formation Expenses xx xx
Deferred Revenue Expenditure xx Xx
c) Money received against Share
Warrant
Own Fund] Net Worth
ii) Loan Funds] Long Term Borrowings xx
a) Secured Loans xx
Debentures xx
Bonds xx
Bank Loans xx xx xx
Loans from Financial Institutions xx
Other Loans xx
b) Unsecured Loans xx
Debentures xx
Bonds xx
 Bank Loans xx
Loans from Financial Institutions xx
Public Deposits xx
Loans from Directors xx
Other Loans
Total

Assets
i. (Applications of funds) xx
Tangible xx
Land and Building xx
Leasehold Property xx
Plant and Machinery xx
Furniture & Fittings xx
Vehicles xx
Live Stock xx xx
Railway Sidings
(At cost Less Depreciation) xx
Intangible xx
Goodwill xx
Patents xx
Copy rights xx xx
Trade Marks & Designs, Computer
Softwares xx
ii. Investments/Non-Current xx
Investment xx
Govt. Securities xx
Shares xx
Debentures xx
Immovable Properties xx xx xx
Capital of Partnership Firms
Long Term Loans Given
Sinking Fund Investments, Investment in
M.F. xx
iii. Current Assets, Loans & Advances xx
Quick Assets (Liquid Assets) xx
Cash &, Bank xx
Debtors (Net)
Bills Receivable / Trade Receivables xx xx
Current Investments,
Accrued Income xx
Loans & Advances xx
Other Current Assets (Non Liquid xx
Assets) xx xx
Inventory xx
Prepaid Expenses
Advance Tax xx
 Advance for Goods xx
xx
Less : Current Liabilities xx
Quick Liabilities (Liquid Liabilities) xx
Creditors xx
Bills Payable / Trade Payables
Advances Received xx
Expenses Payable xx xx
Accrued Interest
Short Term Provisions xx xx
Provision for-Taxation xx
Unclaimed Dividend xx
Other Liabilities (Non Liquid xx
Liabilities)
Bank Overdraft
Income Received in Advance
Net Current Assets/working Capital
Total

11.1 Format of Income Statememt

Income Statement
For the year ended 31st March

Revenue from Operation

Sales
Goods xx
Services xx

Less : Returns xx xx
Less: Cost of Goods Sold
Opening Stock of Materials xx
Add : Purchases xx
Add : Carriage / Freight xx
Add : Octroi xx
Add : Import Duty xx
xx
Less : Closing Stock of Materials xx
Cost of Materials Consumed xx
Direct Wages xx
Direct Expenses xx
Factory Expenses
Factory Power xx
Factory Salaries xx
Factory Repairs xx
Factory Rent 8:. Taxes xx
Depreciation on Machinery, Factory xx
Building, Patterns, Patents etc. xx
Add: Opening WIP xx
Less: Closing WIP xx
Less: Sale of Factory Scrap xx xx
Cost of Production xx
Add: Opening Stock of Finished Goods
Less : Closing Stock of Finished Goods xx
Cost of Goods Sold xx
Gross Profit /Gross Margin xx
Less :Operating Expenses
A. Office Expenses xx xx
Office Expenses xx
Staff Salaries xx
Printing & Stationery xx
Telephone Charges xx
Postage & Telegrams xx
Insurance xx
General Expenses xx
Repairs &. Maintenance xx
Office Lighting xx
Office Conveyance xx
Rent & Rates xx
Legal Expenses xx
Audit Fees xx
Director's Fees xx
Depreciation on office assets xx xx
B. Selling as Distribution Expenses
Carriage on Sales xx
Sales Commission xx
Travelling Expenses xx
Sales Promotion Expenses xx
Advertising xx
Warehouse Expenses xx
 Free samples xx
Sales Salaries xx
Exhibitions xx
Sales Discount xx xx
Normal Bad Debts xx
Depreciation on Sales Assets xx
C. Finance Expenses
Cash Discount xx
Bank Charges xx
Bad Debts (Abnonnal) xx
Bank Commission xx xx
Net Operating Profit before
Interest
Less : Interest Paid I Finance Cost xx
Interest on Debentures xx
Interest on Loans xx
Interest on Public Deposits xx xx
Interest on Short Term Loans xx
Net Profit after Interest
Add : Non Operating Income xx
Dividend on Shares xx
Interest on Debentures, Loans xx
Profit on Sale of Fixed Assets etc. xx
Profit on Sale of Investment xx
Compensation Received xx
Royalty Received xx xx
Share Transfer Fees Received xx

Less : Non Operating Expenses xx

Loss on Sale of Fixed Assets xx
Loss on Sale of Investment xx
Compensation Paid xx
Fine / Penalty Paid xx xx
Fictitious Assets W / off xx
Net Profit before Tax xx
Less : Taxation xx
Net Profit after tax xx
Add : Profit 8: Loss A/c balance b/d xx

Less : Appropriations xx
Transfer to Reserves xx
Retained Earnings

NITIJA KADAV
S.Y.B.COM

ROLL NO.161309/B