Page 110 - DCOM409_CONTEMPORARY_ACCOUNTING

Unit 8: Corporate Reporting

Form of Balance Sheet Notes
(Vertical Form)
Balance Sheet of …………….Company
(As on…………………..)

Particulars Schedule Figures as at Figures as at
No. the end of the the end of the
Current Year Previous Year
1 2 3 4
1. Sources of Funds
(1) Share holders funds
(a) Capital
(b) Reserves and Surplus
(2) Loan Funds
(a) Secured Loans
(b) Unsecured Loans
Total
2. Application of Funds
(1) Fixed Assets.
(a) Gross Block
(b) Less Depreciation
(c) Net Block
(d) Capital work in progress
(2) Investments
(3) Current Assets, Loans and Advances
(a) Inventories
(b) Sundry Debtors
(c) Cash and Bank Balance
(d) Other current Assets
(e) Loans and Advances
Less: current liabilities provisions
(a) Liabilities
(b) Provisions
Net Current Assets
(4) (a) Miscellaneous Expenditure to the
extent not written off or adjusted.
(b) Profit and Loss Account
Total

Self Assessment

Fill in the blanks:
11. The balance sheet of a company must be in accordance with the proforma given in
……….Part I of the Indian Companies Act.

12. Generally …………is given in the memorandum of association, popularly known as M/A
at the time of incorporation of the company.
13. ………….are such liabilities which may exist or may not exist subject to happening or not
happening the event.
14. …………..are those assets, which are used for long-term in the business.

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