Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Format of the Balance Sheet
It shows the financial position of the company as at the end of a given financial period. The standard requires that assets and liabilities should be classified between current and non-current portions.Currently, the standard requires the first part of the balance sheet to show the total assets (i.e. non-current assets + current assets) and the second part of the balance sheet to show equity and liabilities. Equity is the shareholders funds while liabilities are the total of non-current and current liabilities.The format of the balance sheet is given as follows:
ABC LTD
BALANCE SHEET AS AT 31/12/
£
Property, plant and equipment
x
Goodwill
Other intangible assets
Investment Longterm
Inventory
Accounts receivables and prepayments
Short-term investment
Cash at bank and in hand
TOTAL ASSETS
xx
Preference share capital
Ordinary share capital
Share premium
Revaluation reserve
General reserve
Retained profits
Shareholders funds
Loan stock/debentures
Redeemable preference shares
Deferred tax
Other long-term provisions
Bank overdraft
Trade and other payables (accruals)
Current tax (tax payable)
Current portion of loan stock
Prepared dividends (and shares or preference shares)
TOTAL EQUITY AND LIABILITY
Accounting policies Accounting policies are the specific assumptions, bases, principles and practices that are adopted by firms in preparing financial statements. The standard
Following are Nintendo's revenue and expense accounts for a recent calendar year. Net sales ¥2,008,622 Cost of sales 1,864,981 Advertising expense 118,908 Other expense, net 397
petra corporation purchased P4,000 worth of merchandise on account terms 2/10, n?30, FOB shipping point. Prepaid transportation charges of P200 were added to the invoice.
The business is considering two proposals for their promotions of the professional courses.Proposal one could give a stable return throughout the period. Proposal Two would give hi
talpat se aap kya samjhte hai
Table on subsequent page lists 21 ratios being calculated by the Bombay Stock Exchange. Tick the board class to that each of the 21 ratios belongs to the blank columns of the Table
On May 15, 2010, Your Corporation acquired an airplane (5 year recovery period, 6 year class life) for $1,450,000. Its qualified business use is 54%. Determine the maximum cost rec
Process to increase the financial health of company Financial affairs of a limited company enter public domain. With exception of small companies, there is also a requirement f
Determine the Features of Accounting information system Accounting information system must have certain features which are common to all valid information systems within a bus
REA diagram for (1) PEGASUS PAPER PRODUCTS and (2)PIECES BOUTIQUE
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd