Balance sheet example sentences

The discount/loss on it is, therefore, treated as capital loss and, normally, spread user the duration of debentures say 5-7 years meanwhile it should be shown under the head 'Miscellaneous Expenditure' on the asset side of Balance Sheet.Such funds are shown separately in the liabilities side of the balance sheet.The unwritten-off amount is shown on the assets side of the balance sheet under the head 'Miscellaneous Expenditure'.These include Receipts and Payments Account, Income and Expenditure Account, and a Balance Sheet.It is, therefore, shown as capital on the liabilities side of the balance sheet.Balance sheet is prepared on the basis of accrual and going concern basis.This is to ascertain the amounts of: (a) subscriptions due but not yet received: (b) incomes received in advance; (c) sale of fixed assets made during the year; (d) items to be capitalised (i.e. taken directly to the Balance Sheet) e.g. legacies, interest on specific fund investment and so on.” Balance sheet is usually prepared in horizontal ('T') form with assets shown on the right hand side and capital and liabilities on the left.'Discount on the Issue of Shares Account', having a debit balance, denotes a loss to the company and is shown on the asset side of the company's balance sheet under heading 'Miscellaneous Expenditure'.These include Receipts and Payments Account, Income and Expenditure Account, and a Balance Sheet.Discount on issue of debentures is a capital loss and is shown on the asset side of the balance sheet under the head “Miscellaneous Expenditure” till it is written-off.Some times it becomes necessary to prepare Balance Sheet as at the beginning of the year in order to find out the opening balance of the capital/general fund.Assets shown in the balance sheet reflect merely unexpired or unamortised cost.The Debenture Redemption Reserve account appears on the liability side of the Balance sheet under the head “Reserves and Surpluses.Though statement of affairs resembles balance sheet, it is not called a balance sheet because the data is not wholly based on ledger balances.