Read and download CBSE Class 12 Contents of Balance Sheet chapter in NCERT book for Class 12 Other Subjects. You can download latest NCERT eBooks for 2021 chapter wise in PDF format free from Studiestoday.com. This Other Subjects textbook for Class 12 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 12 Other Subjects to understand the answers of the exercise questions given at the end of this chapter
The prescribed form of the Balance Sheet is given in Part I of Schedule VI of The Companies Act, 1956.
The Companies Act has laid down two forms of the Balance Sheet known as:
(i) Horizontal form
(ii) Vertical form
FORMAT OF SUMMARISED BALANCE SHEET (HORIZONTAL FORM)
SCHEDULE VI PART I
Balance Sheet of ….CO.LTD.
As at …
Note: A footnote to the Balance Sheet may be added to show the contingent liabilities.
The format of the detailed Balance Sheet of a company in a horizontal form is given below:
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