AdvocateKhoj
Login : Advocate | Client
Home Post Your Case My Account Law College Law Library
    

Companies Act, 1956


VERTICAL FORM  

          Name of the Company .......................... 

          Balance Sheet as at ..........................

Schedule No.  Figures as at the end of current financial year      Figures as at the end of previous financial year

I. Sources of funds:                         

(1)      Shareholder's funds                       

          (a) Capital                          

          (b) Reserves and Surplus                         

(2)      Loan funds                         

          (a) Secured loans                         

          (b) Unsecured loans                      

          TOTAL :                            

II. Applications of funds:                            

(1)      Fixed assets                       

          (a) Gross block                             

          (b) Less depreciation                               

          (c) Net block                      

          (d) Capital work-in-progress                                

(2)      Investments                       

(3)      Current assets, loans, and advances :                            

          (a) Inventories                             

          (b) Sundry debtors                        

          (c) Cash and bank balances                     

          (d) Other current assets                          

          (e) Loans and advances                          

          Less :                      

          Current liabilities and provisions :                        

          (a) Liabilities                      

          (b) Provisions                     

          Net current assets                        

(4)      (a) Miscellaneous expenditure to the extent not written off or adjusted                     

          (b) Profit and Loss account                      

          TOTAL :                            

Notes -

1.Details under each of the above items shall be given in separate Schedules. The Schedules shall incorporate all the information required to be given under A - Horizontal Form read with notes containing general instructions for preparation of balance sheet.

2.The Schedules, referred to above, accounting policies and explanatory notes that may be attached shall form an integral part of the balance-sheet.

3.The figures in the balance-sheet may be rounded off to the nearest '000' or '00' as may be convenient or may be expressed in terms of decimals of thousands.

4. A foot-note to the balance sheet may be added to show separately contingent liabilities.



Companies Act, 1956 Back




Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered by nubia  |  driven by neosys