Contents Of Balance Sheet-Horizontal Form of Balance Sheet - Management Duniya

Contents Of Balance Sheet-Horizontal Form of Balance Sheet

The prescribed form of the Balance Sheet is given in Part I of Schedule VI of the Companies Act, 1956.

The Companies Act has laid down two forms of the Balance Sheet known as :

(i)   Horizontal form

(ii)  Vertical form

FORMAT OF THE DETAILED BALANCE SHEET IN A HORIZONTAL FORM

Horizontal Form of Balance Sheet

Balance Sheet of ….(Name of the Company) as on …..

Figures for the previous year  Rs.	Liabilities	Figures for the current year Rs.	Figures for the previous year Rs.	Assets	Figures for the current year Rs.
	Share Capital Authorised …shares of Rs…. Each Preference Equity Issued: Preference Equity Less: Calls Unpaid: Add: Forfeited Shares Reserves and Surplus: Capital Reserve Capital Redemption Reserve Securities Premium Other Reserves Profit and Loss Account Secured Loans: Debentures Loans and Advance from Banks Loans and Advance from Subsidiary Companies Other Loans and Advances Unsecured Loans: Fixed Deposits Loans and Advances from Subsidiaries Companies Short Term Loans and Advances Other Loans and Advances Current Liabilities and Provisions: A. Current Liabilities      Acceptances      Debentures      Sundry Creditors     Outstanding Expenses B. Provisions: For Taxation For Dividends For Contingencies For Provident Fund Schemes For Insurance, Pension and Other similar benefits			Fixed Assets: Land Building Leasehold Premises Railway Sidings Plant and Machinery Furniture Live Stock Vehicles Goodwill Patents and Trademarks Investments: Government or Trust Securities, Shares, Debentures, Bonds Current Assets, Loans and Advances: (A) Current Assets: Interest Accrued Stores and Spare parts Loose Tools Stock in Trade Work in Progress Sundry Debtors Cash and Bank balances (B) Loans and Advances: Advances and Loans to Subsidiary Bills Receivable Advance Payments Miscellaneous-Expenditure: Preliminary Expenses Discount on Issue of Shares and other Deferred Expenses Profit and Loss Account (debit Balance: if any)

Tags: Balance, Horizontal, Horizontal Form, Horizontal Spreads, Sheet
By: Management Duniya