15+ Neat Abridged Balance Sheet Format

Unless you are claiming exemption it must contain and auditors report.

Abridged balance sheet format. The directors printed name and signature on the balance sheet. As an economy device the Companies Amendment Act 1988 introduced the concept of Abridged Balance Sheet vide Section 219 1 b iv. In practice this means that most of the notes to the balance sheet are no longer required.

If abridged accounts have been filed it should say abridged balance sheet. Accordingly Form AOC-3A has been inserted into the Rules providing for the information to be furnished in the said Statement in the form of Abridged Financial Statements in following four parts. Download Template Fill in the Blanks Job Done.

Abridged Balance Sheet Format 1 YearPeriod Ended Insert Date. Abridged balance sheet andor abridged profit and loss account. Abridged accounts must include the following elements.

The balance sheet of an Abridged Account needs to include only those line items that are preceded by letters such as current assets and roman numerals such as debtors. An abridged profit and loss account for which only one format is available. Abridged Financial Statements are Condensed Financial Statements that cover a full accounting period but omit detailed financial information.

Under current guidelines for abridged accounts you only have to include a balance sheet - an example is shown below together with notes to the accounts. Auditors report unless claiming exemption. Directors signature and printed name on balance sheet.

Abridged Profit and Loss Account Format 1 YearPeriod Ended Insert Date. Edit with Office GoogleDocs iWork etc. Also the items preceded by Arabic numbers such as trade debtors do not need to be included.