Draft balance sheet of a banking company in prescribed from as per schedule 111 of banking company act and give various schedule
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A private company circulates its reports among its closed group of stakeholders and doesn't have to share them with the public. A private company must file financial reports with the SEC when it has more than 500 common shareholders and $10 million in assets, as set by the Securities and Exchange Act of 1934.
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(ii) Each item on the face of the Balance Sheet and Statement of Profit and Loss shall be ..... (b) Cheques, drafts on hand; ... (iii) Balances with banks to the extent held as margin money or security ...
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