Balance sheet
Balance sheet
Balance sheet is represent the company position. the balance sheet is most important for every organization. In balance sheet contains equity, non-current liabilities, current liabilities and current assets, non-current assets.
Non-Current Assets: (Which Assets Can not be Convert as cash Within a Year)
1. Properties, Plant & machinery, Buildings.
2. Intangible Assets ( Good Will, Rights)
3.Long term investment.
4. Deferred tax assets ( ( The Excess Paid amount as tax called Deferred tax assets, The excess amount adjusted in next year)
5.loan and advance
Current Assets: (Which Assets Can be Convert as cash Within a Year)
1. Inventories
2.investment
3.Cash and cash equivalents
4. Bank Balance
5.Account Receivable ( S Debtors, Interest, Ex,.
Equity :
1. Equity Share capital
2.Preference share capital
3.Capital Redemption reserve
4.General reserves
5.Other Reserves.
Non-current liabilities:
1.Long Term Loans.
2.Debentures
3.Borrowings
4. Deferred Tax Liabilities
5. Long term Provisions
Current liabilities:
1.Account Payables (Debtors, Interest and other Payables)
2.Provisions
3.outstandings
4.Current tax liabilities.
REFERENCE BALANCE SHEET