Balance sheet horizontal format. Assets are on the left side and liabilities and equity are on the right side. A company can also make balance sheet summary form but it has to attach its schedule in which explanation of different. Note how the components of current assets are intended to the right so its easier to read the balance sheet.
Preparation of balance sheet of company is very necessary because indian company law 1956 gives strict instruction about the format of balance sheet of a company. Preparation of balance sheet of company is very necessary because indian company law 1956 gives strict instruction about the format of balance sheet of a company. Book description isbn 978 1 62620 954 1 35 pages this free ebook you will give you a thorough understanding of the balance sheet a powerful decision making tool that every manager should be familiar with.
They are the same medium weight plastic and are fine for photos post cards recipe cards and other collectibles. The example above shows a balance sheet in a horizontal format. I would like to suggest that it is better to give balance sheet format separately for sole trading concern and company.
A company can make balance sheet according to the form given in part i of schedule vi of company law 1956. It may be noted that in this format bs format is given for company where are revenue ac is given for a single proprietor. You can see that net operating income computed in comparative income statement has been used in the comparative retained earnings statement and the balance of the comparative retained earnings statement has been reported in the stockholders equity section of the balance sheet.
I bought the horizontal photo pages and the mixed format photo pages by avery. The report format is a vertical presentation of the numbers.