Page 166 - ISCDEBK-XI

19.4 Double Entry Book Keeping—ISC XI
Format of Balance Sheet. The items found in the Balance Sheet of a firm are given as following:

BALANCE SHEET OF ... as at ...
Liabilities ` Assets `
Sundry Creditors ... Cash in Hand ...
Bills Payable ... Cash at Bank ...
Bank Overdraft ... Bills Receivable ...
Employees’ Provident Fund ... Sundry Debtors/Book Debts ...
Loans and Advances Taken (Cr.) ... Loans and Advances Given (Dr.) ...
Reserves or Reserve Fund ... Closing Stock ...
Capital ... Loose Tools ...
Add: Interest on Capital ... Investments ...
Net Profit ... ... Furniture and Fittings ...
... Plant and Machinery ...
Less: Drawings ... Land and Building ...
Income Tax ... Business Premises ...
Interest on Drawings ... Patents and Trademarks, etc. ...
Net Loss ... ... ... Goodwill ...
... ...
(i) In the Order of Liquidity

BALANCE SHEET OF ... as at ...
Liabilities ` Assets `
Bills Payable ... Cash in Hand ...
Sundry Creditors ... Cash at Bank ...
Bank Overdraft ... Bills Receivable ...
Loans ... Debtors ...
Capital: Closing Stock ...
Opening Balance ... Investment ...
Add: Net Profit ... Furniture ...
... Plant and Machinery ...
Less: Drawings ... ... Land and Building ...
Goodwill ...
... ...

(ii) In the Order of Permanence
BALANCE SHEET OF ... as at ...
Liabilities ` Assets `
Capital: Goodwill ...
Opening Balance ... Land and Building ...
Add: Net Profit ... Plant and Machinery ...
... Furniture ...
Less: Drawings ... ... Investment ...
Loans ... Closing Stock ...
Bank Overdraft ... Debtors ...
Sundry Creditors ... Bills Receivable ...
Bills Payable ... Cash at Bank ...
Cash in Hand ...
... ...