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My Dear Friends I please send me Bird Eye Veiw to Prepare Balance sheet from Begening onwards Regards Raghava Reddy
A balance sheet is normally a prompt picture of the financial state of a industry at a precise period in time. Thing is that activities of a corporation fall into two separate groups that in all probability reported by an accountant. That they actually are specifically profit-making activities, which generally requires sales and expenses.
Balance Sheet is a state of affair of an establishment as on a particular day (i.e., 31 March 2010), depicting the position of its Assets and Liabilities. Since both these components are Equal, that why we call it a Balance Sheet.
Surendera M. Bhanot, CEO, Avis Software,
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How to prepare provisionals and projected balance sheet for Sole- Propertitor, Partnership, Private limited, and limited companies and please help out with appropriate formats with links also
Further to my post #4, it is further mentioned that the "Balance Sheet" and the "Profit and Loss Accounts" are prepared from the entries in the "Trial Balance".
Trial Balance - in double entry bookkeeping, aggregate of all debit and credit balances at the end of an accounting period that:
(1) shows if the General Ledger is in balance (total debits equal total credits) before making closing entries,
(2) serves as a worksheet for making closing entries, and
(3) provides the basis for making draft financial statements.

If you already have a Trial Balance on hand, then preparation of Balance Sheet is not that hard for you. You only need to determine the accounts that are categorized as Balance Sheet Accounts or Real Accounts. Balance Sheet Accounts include the Assets, Liabilities and Capital or Stockholders' Equity (in case the business is a Corporation).
I have attached a format of a Balance Sheet, although the presentation would vary depending on the kind of business involved.

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File Type: doc BALANCE SHEET SAMPLE FORMAT.doc (63.0 KB, 2051 views)

Hi Sankar here i need vertical balance sheet format. If any one have it pl fwd the same. Best Regards Sankar Pradhan
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