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NCHMCT Training Program

Balance Sheet

Ashish Sharma
February 2015

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OOM Exercise - Balance Sheet Slide No. 1
SCOPE
• Introduction
• Components
o Assets
o Liabilities
o Capital
• Format
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OOM Exercise - Balance Sheet Slide No. 2
Balance Sheet

Statement of Financial Position

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OOM Exercise - Balance Sheet Slide No. 3
Firm get cash or a benefit in future

Types of Assets 1/2

Assets

Current Fixed
Assets Assets

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OOM Exercise - Balance Sheet Slide No. 4
Types of Assets 2/2

Assets

Tangible Intangible

Current Fixed Fixed

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OOM Exercise - Balance Sheet Slide No. 5
Amount owes to outsiders

Types of Liability

Liability

Short Term Long Term

Liability Liability

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OOM Exercise - Balance Sheet Slide No. 6
Proprietor invested in the firm

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OOM Exercise - Balance Sheet Slide No. 7
Format of Balance Sheet
Liabilities Amt Assets Amt
Capital Fixed Assets
+ Net Profit (Vehicles, Land
- Net Loss Furniture, etc.)
Long Term Liabilities Current Assets
(long term loans etc.) (Cash, Short term
Investment, etc.)
Short Term Liabilities Other Assets
(Creditors, Goodwill etc.
Outstanding Exp. etc.)

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OOM Exercise - Balance Sheet Slide No. 8
RDB International Ltd. Balance Sheet
Liabilities Amt. (in Rs.) Assets Amt. (in Rs.)
Capital 25,00,000 Fixed Assets
+ Net Profit 30,50,000 Building 30,50,000
Total Capital 55,50,000 Machinery 6,50,000
Short Term Liabilities Total Fixed Assets 37,00,000
Bills Payable 10,00,000 Current Assets
Long Term Liabilities Bills Receivables 2,00,000
Long Term Debt 2,00,000 Debtors 3,00,000
Bank 11,00,000
Stock 5,00,000
Total Current Assets 21,000,000
Other Assets
Patent Rights 9,50,000
Total Liability 67,50,000 Total Assets 67,50,000
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OOM Exercise - Balance Sheet Slide No. 9
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OOM Exercise - Balance Sheet Slide No. 10