Simple Joint Stock Company Balance Sheet Format

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Joint stock company balance sheet format. The Schedule III prescribes only the vertical format for presentation of financial statements. In this sheet we show all the assets and liabilities. Section 210 Section 210 of Indian Company Act 1956 explain.

After audit of accounts of a company auditor has to submit a audit report to the shareholders at annual general meeting in prescribed format. Cash and cash equivalents Note 5 US 52703 US 28602. This schedule is effective from April 01 2011.

Balance sheet shall give a true and fair view of the state of affairs of the company at the end of its financial year and should comply with requirements of IAS IFRS and prevailing laws and regulation of particular country. As per the Revised Schedule VI of Companies Act 1956 a company can prepare its Balance Sheet in Vertical format only as against the previous schedule which provides the preparation of balance sheet either in horizontal form or in vertical form. The heading Shareholders funds is given in the question missing in the balance sheet.

The latter form is given below as per the notification. By a notification dated 23rd December 1978 the Government have permitted companies to prepare the balance sheet either in the horizontal form as given earlier or in the vertical form. Open Joint Stock Company VimpelCom-Region a subsidiary of Open Joint Stock Company Vimpel-Communications and a development stage enterprise 2 Consolidated Balance Sheets December 31 2002 2001 In thousands of US dollars except share amounts Assets Current assets.

The balance sheet of a company is prepared as per the formal prescribed in part I of Schedule III of the Companies Act 2013. The following are the advantages of auditing the accounts of a Joint Stock. Cost of Goods Sold.

This statement contains assets liabilities and share capital accounting with sub-types. BALANCE SHEET 31 March 20 11 1233 9 837 227 CODES 0710001 TOTAL SECTIONS I and II 1600 926 492 726 902 110 013 TOTAL Section II 134 958 223 Other current assets 2011 03 31 56947007 384385 Electric power transmission Open Joint-Stock Company Russian mixed ownership with state share Open Joint-Stock Company Federal Grid Company of Unified Energy System-. Balance sheet of joint stock company shows the financial position.