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Balance Sheet

This document contains a balance sheet that summarizes a company's assets, liabilities, and capital as of a specific date. It lists current assets like cash, accounts receivable, inventory, and prepaid expenses. It also lists non-current assets like land, buildings, machinery, and intellectual property. Liabilities include bank loans, accounts payable, taxes payable, and salaries payable. Capital includes the initial opening capital amount plus further investments, interest on capital, net profit or loss, and any drawings made. The balance sheet ensures total assets equal total liabilities plus capital.

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84 views1 page

Balance Sheet

This document contains a balance sheet that summarizes a company's assets, liabilities, and capital as of a specific date. It lists current assets like cash, accounts receivable, inventory, and prepaid expenses. It also lists non-current assets like land, buildings, machinery, and intellectual property. Liabilities include bank loans, accounts payable, taxes payable, and salaries payable. Capital includes the initial opening capital amount plus further investments, interest on capital, net profit or loss, and any drawings made. The balance sheet ensures total assets equal total liabilities plus capital.

Uploaded by

abo776
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ASSETS :

Current Assets
Cash (in Hand) xx
Bank xx
Account Receivables / Debtors / Bills Receivables x
Less: Bad Debts [from adj]
Less: Provision for Bad Debts/Doubtful Debts [from adj] (x)
Less: Provision for Discount [from adj] (x) xx
Stock / Inventory (Closing) [from adj] xx
Prepaid Expenses (Rent, Insurance, Tax etc) [from adj] xx
Office Stationary xx
Total Current Assets xxx

Non-Current Assets
Land x
Building x
Less: Accumulated Depreciation (Building) (x) xx
Machinery / Plant / Tools / Equipments x
Less: Accumulated Depreciation (M/P/T/E) (x) xx
Furniture & Fixture x
Less: Accumulated Depreciation (Furniture & Fixture) (x) xx
Patent xx
Copyright xx
Trademark xx
Total Non-Current Assets xxx
TOTAL ASSETS XXXX

LIABILITIES & CAPITAL :


Liabilities
Bank Lone xx
Bank Overdraft xx
Account Payables / Creditors xx
Tax Payable xx
Rent Payable xx
Salaries Payable xx
Bills Payable xx
Interest Payable xx
Unearned Rent Income/Unearned Commission [from adj] xx
Total Liabilities xxx

Capital
Opening Capital xx
Add: Further Capital / Investment xx
Add: Interest on Capital [from adj] xx
Add: Net Profit/(Loss) [from I/S] xx/(xx)
Less: Drawings (xx)
Less: Interest on Drawings [from adj] (xx)
Total Capital xxx
TOTAL LIABILITIES & CAPITAL XXXX

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