Balance Sheet is a financial statement that summarizes company's assets and liabilities.
The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point in time.
Balance sheet is what partners or directors have invested in the company and assets the company have. It also shows the other liabilities may be secured or unsecured along with the debtors, cash in hand and the bank balances.
How to make capital Account as shown as Annexture 'A' in Balance Sheet
Read the Capital account Below
We have taken some figures to explain the calculations.Calculations are made for net profit of Rs.1408.88 taken from Profit and loss account.
QUATITATIVE DETAILS OF PRINCIPAL ITEMS OF RAW MATERIAL AND FINISHED GOODS TO BE ATTACHED WITH THE BALANCE SHEET'S AUTID REPORT AS PART OF FORM 3CD
PERFORMA IS AS BELOW IN IMAGE
HOW TO PREPARE BALANCE SHEET - Trial to Balance Sheet