Question

how do make balance sheet
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Answer 1

Answer:

aa balance sheet is a statement prepared with a view to measure the financial position of a business on a certain fixed date

when assets and liabilities are arrange according to their realisability and payment performance such an order is called liquid jyada such arrangement is given in a balance sheet

in balance sheet at liabilities sides we should take current liabilities under that bills payable entry creditors bank overdraft outstanding expenses income received in advance next long term liabilities like loan from Bank any other loans and fixed liabilities like capital also add net profit or if it is let loss deducted or deduct drawings from the capital

next on acid sides liquid assets like cash in hand cash and Bank floating assets like investments bills receivable entry data stock in trade prepaid expenses accrued income and fixed assets like machinery furniture motor car building land intangible assets like Goodwill patent copyright licences fictitious assets like advertisement expenses to extent thats it

then balance the both the figures