According to this article, companies are required for preparing their companys balance sheet according to new and vertical format.
Provident fund (ii) others (specify nature current Liabilities:.
We can classified the reserve and surplus as: (i) Capital Reserves, (ii) Debenture ps vita homebrew games Redemption Reserve, (iii) Capital Redemption Reserve, (iv) Securities Premium Reserve, (v) Share option outstanding account, (vi) Revaluation Reserve, (vii) Other reserves (viii) Surplus.e balance from profit and loss account will transfer.Short term driving school simulator torent iso provisions bitdefender internet security 2015 crack key are classified as: (i) Provision for employee benefits, (ii) others (specify nature These all terms, which we define at above, are included in the liabilities side of company balance sheet but yet we discuss about the new format of balance sheet, then.(ii) Intangible Assets: Intangible assets refer to those assets which does not have their own physical existence and we cannot see and touch of those assets, are known as Intangible assets,.e.Short term Provisions: Provision means an amount which would be payable in future but organise at present, therefore, a short term provisions refer to those provision which provides benefits in short period of time.We cant expect from fixed assets to convert into physical cash any sooner than at least one year time.It is easily transferred one shareholder to others.Other Long term liabilities: In this category, the following factors are included: (i) Trade payables: Debts payable to creditors, lenders, vendors or supplier of product, are known as trade payables.
Plant, machinery, furniture, building, etc.
We can classify the short term loans and advances as:.
Long term borrowings: In the category of Long term borrowings, there are all types of debts are included whose time period is more than one year.In share capital, various factors are included such as, the amount and number of authorised shares, number of fully paid up and subscribed shares, par value of per share and others.Short term loan and advances: Loans, which we consider for a short period of time, is known as short term loans and advances,.e car loan, home loan, etc.Under the companies act, 1956, the Ministry of Corporate Affairs was implemented the new format of balance sheet as on 28th February, 2011.Other loans and advances.We can classify the long term loans and advances as:.It shows the difference between the value of assets as per income tax acts and as per books of accounts.Long term provisions: Provision means an amount which would be payable in future but organise at present, therefore, a long term provisions refer to those provision which provides benefits after long term period.There includes all those fixed assets which we can see and touch,.e.