Exemplary Balance Sheet Account Format

You can open the balance sheet format in any version of the MS excel to make changes in it like name of the company date and data about business etc.

Balance sheet account format. Download balance sheet formats in excel here. Name of the Company. This compatible file is also fully customizable there are no issues in changing the content at all.

The only difference is the way in which you lay out the information on the page. Within each of these categories line items are presented in decreasing order of liquidity. The balance sheet is basically a report version of the accounting equation also called the balance sheet equation where assets always equation liabilities plus shareholders equity.

Types of Assets on the Balance Sheet. In account format the balance sheet is divided into left and right sides like a T account. The left side would include the assets of a company consisting of both current assets and fixed assets.

You can also add more fields and formulas of the excel in this balance sheet format as per needs. This format divides the balance sheet into two columns. Vertical balance sheet.

The balance sheet displays the companys total assets and how these assets are financed through either debt or equity. The actual line items appearing in both formats are the same. The following procedure and important points to be considered for preparation of Trading Profit and Loss Account and Balance Sheet.

You can customize a PDF balance sheet format and build a fixed pattern to be followed. The account form balance sheet is a financial statement format where the assets are reported on the left side and the liabilities and equity are reported on the right side. The balance sheet can be reported in either of the following formats.