Company's Balance Sheet - Its format and Example

"Assets = Capital + Liabilities"

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The features of the Company's Balance Sheet: -

1. The Company's Balance Sheet is prepared at the end of Final accounts.
2. It is helpful in judging the solvency of the business entity.
3. It is only a statement of assets, capital, and liabilities.
4. Not an account under the Double entry system.
5. The balance sheet has two sides:- Left side for capital and liabilities and the right side if for assets.
6. The total of both sides always equal to each other.
7. Helps in preparation of financial statements based on the Going concern concept.
8. Disclosure of the financial position of an entity.
9. The Expenses and income accounts are not shown in the balance sheet.

Why we need to prepare the Company's Balance Sheet: -

1. It needs to show the actual financial position of the entity.
2. It needs to provides all necessary information to related parties like an owner, equity shareholder, financial institution.
3. Provide the growth rate of an entity.
4. To reflects the outcome of investing and financing decisions.
5. To know the claim of an owner and others in the business.

The Format of the Company's Balance Sheet as prescribed in Schedule III, Part I of companies Act, 2013: -

Particular (1)	Note No. (2)	Figures as at the end of the Current Reporting Period (3)	Figures as at the end of the Previous Reporting Period (4)
I. Equity and Liabilities
1. Shareholders’ Funds
(a) Share Capital
(b) Reserves and Surplus
(c) Money Received against Share Warrants
2. Share Application Money Pending Allotment
3. Non-Current Liabilities
(a) Long-term borrowings
(b) Deferred Tax Liabilities (net)
(c) Other long-term liabilities
(d) long-term Provision
4. Current Liabilities
(a) Short-term Borrowings
(b) Trade Payables
(c) Other current Liabilities
(d) Short-term Provision
Total
II. Assets
1.Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(iii) Capital Work-in-progress
(iv) Intangible Assets under development
(b) Non-Current Investment
(c) Deferred Tax Assets (net)
(d) Long-term loans and advances
(e) Other Non-Current Assets
2. Current Assets
(a)Current Investment
(b)Inventories
(c) Trade receivable
(d) Cash and Cash equivalents
(e) Short-term loans and advances
(f) Other current Assets
Total

Download Format of Company's Balance Sheet Format: 

1. Download Format in Excel Worksheet of Company's Balance Sheet as per Schedule III, Part I of Companies Act, 2013

2. Download Format in Excel Worksheet of Company's Balance Sheet as per Schedule III, Part I of Companies Act, 2013

 

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