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The layout of this balance sheet format is as follows.
Horizontal form of balance sheet. Yes MCA vide Notification No. The Companies Act has laid down two forms of the Balance Sheet known as. Contents Of Balance Sheet-Horizontal Form of Balance Sheet.
XXX XXX XX X XXX XXX XXX XXX Assets Goodwill Patents Copy Rights Trade Marks Land Buildings Plant Machinery. May 14 2013 Uncategorized Balance Horizontal Horizontal Form Horizontal Spreads Sheet. The Companies Act has laid down two forms of the Balance Sheet known as.
As the name suggests a horizontal balance sheet is horizontal in format. The prescribed form of the Balance Sheet is given in Part I of Schedule VI of the Companies Act 1956. Ad Find How To Balance Sheet.
It is presented in this format purely for ease of understanding. Get The Information You Need Now. GSR 226E dated 31032009 has made the following amendments in Schedule VI of Companies Act 1956.
HORIZONTAL FORM OF BALANCE SHEET In order of Permanence BALANCE SHEET as at Liabilities Capital Account Reserves Surplus Loan on Mortgages Bank Loans Income Recieved in Advance Outstanding Expenses Bills Payable Sundry Creditors Rs. It is actually the expression of the accounting in a more detailed and organized form. While drafting it accountants first have to divide the page horizontally into two halves.
The second column contains the numbers associated with those assets. Statutory Horizontal Form of Balance Sheet. The form of balance sheet is.
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