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 send only the Abridged Balance [...]
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 in the consolidated Balance Sheet [...]
The Balance Sheet of a banking company is to be prepared in Form A given in Third Schedule to the Act. Unlike the previous form, the present one is devoid of details, the latter being shown in the schedules. RBI has given guidelines for compiling the balance sheet. Below are given Form A, the schedules there under and the instructions [...]