Archive | Balance Sheet

Balance Sheet Format | Accounting

In this article we will discuss about horizontal and vertical forms of balance sheet. Horizontal Form of Balance Sheet: According to Section 210 of the Companies Act a Company is required to prepare a Balance Sheet at the end of each trading period. Section 211 requires the Balance Sheet to be set up in the […]

Format of Abridged Balance Sheet | Accounting

The below mentioned article provides a format of abridged balance sheet. As an economy device, the Companies (Amendment) Act 1988 introduced the concept of Abridged Balance Sheet vide Section 219(1) (b) (iv). As per this provision, the companies need not send the detailed Balance Sheet together with many schedules and reports to shareholders and may […]

Dividend and Consolidated Balance Sheet| Company

The following points, in respect of dividends, should be kept in mind while preparing consolidated balance sheet: (i) Proposed Dividend: When a subsidiary company proposed the dividend, it debits its Profit and Loss Appropriation Account and credits Proposed Dividend Account. Holding Company’s share of such dividend will appear with the Profit and Loss Account balance […]

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