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Balance Shet

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o HORIZONTAL FORM BALANCE SHEET OF ........................................................................................................................ (Name of the company) ................................... AS AT........................................................ (Date as at which it is made out) Figures L I A B I L I T I E S for the P.Y. (Rs.) SHARE CAPITAL (Refer Note A) Authorised/Shares Of Rs.... each Issued/Shares Of Rs.... each Subscribed/Shares Of Rs.... each Called up Rs....
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  o   HORIZONTAL FORM BALANCE SHEET OF........................................................................................................................(Name of the company) ...................................   AS AT........................................................ (Date as at which it is made out)   Figuresfor theP.Y.(Rs.)   L I A B I L I T I E S   Figuresforthe C.Y.(Rs.)   Figuresfor theP.Y.(Rs.)   A S S E T S   Figuresfor theC.Y.(Rs.)   SHARECAPITAL (Refer NoteA)   Authorised / SharesOf Rs.... eachIssued/SharesOf Rs.... eachSubscribed/SharesOf Rs.... eachCalled up Rs.... perShareOf the aboveshares ««« shares areallotted as fully paid-uppursuant to a contractwith out payments beingreceived in cash, Less: Unpaid calls1. By directors.2. By others.3. By Managing agent orsecretaries andtreasures and where themanaging agent orsecretaries andtreasures are a firm, bythe partners there of,and the managing agentor secretaries andtreasures are a privatecompany, by thedirectors members of that company.  Add:   Forfeited shares(amount srcinally paid±up) Reserves & Surplus(Refer Note B)   1. Capital Reserves. FIXED ASSETS (Referto Note No. G) Distinguishing as far aspossible betweenexpenditure upon1. Goodwill2. Land3. Buildings4. Leaseholds5. Railway Sidings6. Plant and Machinery7. Furniture and Fittings8.DevelopmenT of Property9. Patents, trademarksand designs10. Livestock11. Vehicles etc. INVESTMENTS (ReferNote H)   Showing nature of investment and themode of valuation forexample at cost ormarket value anddistinguishing between:1. Investments in Govt.or Trust Securities2. Investments inshares, debentures orbonds3. Immovable properties4. Investments in thecapital of partnershipfirms5. Balance of unutilizedmonies raised by Issue CURRENT ASSETS,LOANS & ADVANCES(ReferNote I)A. Current Assets 1. Interest accrued oninvestments2. Stores and spareparts  2. Capital RedemptionReserve.3. Share PremiumAccount4. Other Reservesspecifying the nature of each reserve and theamount in respectthereof.   Less: Debit balance inprofit and loss account,if any   5. Balance in the profitand loss accounts afterproviding for proposedallocation namelyDividend, Bonus orReserves6. Proposal additions toReserves7. Sinking Funds   SECUREDLOANS   (Refer Note C)   1. Debentures   2. Loans and Advancesfrom Banks   3. Loans and Advancesfrom Subsidiaries   4. Other Loans andAdvances   UNSECUREDLOANS (Refer Note D) 1. Fixed Deposits   2. Loans and Advancesfrom Subsidiaries   3. Short-term Loans andAdvances:   a. From Banks   b. From others   4. Other Loans andAdvances   c. From Banks   d. From others   CURRENTLIABILITIES & PROVISIONS (ReferNote E)   A. Current Liabilities   1. Acceptances   2. Sundry Creditors   3. Subsidiary companies   4. Advance payments3. Loose tools4. Stock-in-trade5. Works-in-progress6. Sundry debtors:a. Debts outstanding fora period exceeding 6monthsb. Other debts Less: Provision   7. a. Cash balance onhand   b. Bankbalances:i. With ScheduledBanksii. With Others. B. Loans andAdvances 8. Advances and Loansa. To subsidiariesb. To partnership firmsin which the co./itssubsidiary is a partner9. Bills of Exchange10. Advancesrecoverable in cash or inkind or for value to bereceived; e.g., Rates,Taxes, Insurance, etc.11. Balances withCustoms, Port Trust,etc. (where payable ondemand). MISCELLANEOUSEXPENDITURE   (to the extent notwritten off or adjusted)   1. Preliminary Expenses   2. Expenses includingcommission/ brokerageon underwriting orsubscripttion of sharesor debentures   3. Discount allowed onissue of shares ordebentures   4. Interest paid out of capital duringconstruction (alsostating the rate of interest)   5. Developmentexpenditure notadjusted   6. Other items(Specifying nature)    and unexpired discountsfor the portion for whichvalue has still to begiven e.g. in the case o f the following classes of companies:²   Newspaper, FireInsurance, theatres,clubs, banking,steamship, companies,etc.   5. Unclaimed Dividends   6. Other Liabilities   7. Interest Accrued butnot due on loans   B. Provisions   8. Provision for Taxation   9. Proposed Dividends   10. For contingencies   11. For Provident FundScheme   12. For Insurance,pension and similar staff benefit schemes   13. Other provisions   (A foot note to thebalance ± sheet may beadded to showseparately: -   CONTINGENTLIABILITIES (ReferNote F) 1. Claims against thecompany notacknowledged as debts   2. Uncalled liability onshares partly paid   3. Arrears of fixedcumulative dividends   4. Estimated amount of contracts remaining tobe executed on capitalaccount and notprovided for   5. Other money forwhich the company iscontingently liable   PROFIT AND LOSSACCOUNTTotal   Total   A. SHARE CAPITAL   o   Terms of redemption or conversion (if any) of any redeemable preference sharesmust be stated, together with the earliest date of redemption or conversion. o   Particulars of any option on unissued share capital should also be specified. o   Particulars of the different classes of preference shares to be given.  o   In case of forfeited shares, amount srcinally paid-up should be shown. Any profiton reissue of forfeited shares should be transferred to capital reserve. o   In case of subsidiaries companies, the number of shares held by the holdingcompany as well as by the ultimate holding company and its subsidiaries must beseparately stated.The Auditor is not required to certify the correctness of such shareholdings ascertified by the management. o   The µissued capital¶ and µsubscribed capital¶ must be distinguished into variousclasses of capital; viz. preference and equity, and the particulars specifiedhereunder must be given separately for each of them. o   Shares allotted as fully paid-up by way of bonus shares, should be separatelydisclosed. The source from which the bonus shares are issued must also bespecified; e.g., by capitalisation of reserves or profits or from share premiumaccount, etc. B. RESERVES AND SURPLUS o   Additions and deductions in the reserves since last balance sheet must be shownunder each of the specified heads. o   The word µfund¶ in relation to any µreserve¶ must be used only where such reserveis specifically represented by earmarked investments. o   The item µShare Premium Account¶ shall include the details of its utilization in themanner provided in S. 78 in the year of its utilization. o   The debit balance in the profit and loss account should be shown as a deductionfrom the uncommitted reserves, if any. C. SECURED LOANS o   The nature of security must be specified in each case. o   Terms of redemption or conversion (if any) of debentures issued must be statedtogether with earliest date of redemption or conversion. o   Loans from directors and managers must be shown separately, under each sub-head. o   Interest accrued and due on secured loans should be included under appropriatesub-heads under the head Secured Loans . o   Where loans have been guaranteed by directors and managers, a mention thereof shall also be made and also the aggregate amount of such loans under eachhead. o   Particulars of redeemed debentures which the company has power to reissueshould be given. o   Where any of the company¶s debentures are held by a nominee or a trustee forthe company, the nominal amount of the debentures and the amount at whichthey are stated in the company¶s books shall be stated. D. UNSECURED LOANS o   Loans from Directors; or Manager should be separately shown. o   Interest accrued and due on unsecured loans must be included under theappropriate sub-heads under the head Unsecured Loans . o   Short-term loans will include those loans which are due for not more than 1 yearas on the date of the balance sheet.
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