Balance Sheet
A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.
How to view Balance Sheet Report?
In the Account Reports menu, select Balance Sheet.a) View Data.
1. Select As on Date.
2. Select Group Level.
3. Then Click Report.
b) Report:
| Demo Company | |
| Balance Sheet | |
| As on Date : 15/07/2018 | |
| Particulars | Amount |
|---|---|
| Assets | |
| Current Assets | |
| Account Receivables | 90,268.00 |
| Stock-in-Hand | 9,28,126.00 |
| Cash-at-Bank | 53,87,900.00 |
| Cash-in-Hand | 13,75,259.00 |
| Other Receivables | 1,00,000.00 |
| Sub Total : | 78,81,553.00 |
| Non Current Assets | |
| Fixtures and Fittings | 3,00,500.00 |
| Office Equipment | 1,71,500.00 |
| Sub Total : | 4,72,000.00 |
| Summary for Assets : | 83,53,553.00 |
| Liabilities | |
| Current Liabilities | |
| Account Payables | 12,72,652.00 |
| VAT Payable | 4,748.50 |
| Sub Total : | 12,77,400.50 |
| Non Current Liabilities | |
| Less: Payables Non Current | 9,000.00 |
| Equity | |
| Opening Profit & Loss Account | 0.00 |
| Less: Profit & Loss Account | 5,01,947.50 |
| Capital Account | 69,81,500.00 |
| Sub Total : | 64,79,552.50 |
| Summary for Liabilities : | 77,47,953.00 |