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



                                                                                                                        

                                                                                                                           ----------------------
                                                                                                                            Ajith K M.com, DCM.




           

Popular posts from this blog

The Basic Reason for Raising Debit Note And Credit Note, Applying By Modern Golden Rule.

Accrual Concept Of Accounting- Accrued income, deferred income, prepaid expenses, Outstanding expenses.

Basic Understanding About GST ( Goods and Services Tax)