Question

what are the accounts listed in balance sheet in both sides ?? i need a full list of accounts

Answer 1

Answer)

The accounts listed in balance sheet is:

On liabilities side:

(a)Share holders funds:

1)Share capital includes both equity and preference share capital

2)Reserves and Surplus

(b)Long term liabilities:

1)Loans from financial institutions

2) Debentures

(c)Short term liabilities:

1)Trade payable

2)Note/bills payable

3)Provisions

4)Outstanding payments for expenses,salaries,Taxes etc

5)Unearned revenue

6)Other short term borrowings

On the assets sides:

(a)Non current assets assets:

1)Depreciable assets like Building,plant & machinery,Furniture etc less accumulated depreciation.

2)Undepreciable assets like land.

3)Investments held for maturity

4)Intangible assets like Goodwill,patents,copyrights less amortizations.

(b)Current assets

1)Cash and bank balance

2)Investment held for sale

3)Inventory( raw materials,Work in progress,Finished goods)

4)Prepaid Expenses

5)Trade receivables

6)Advances