17+ Simple Condensed Balance Sheet Format
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Condensed balance sheet format. Condensed financial statements are a summary form of a companys income statement balance sheet and cash flow statement usually combined into a single document. Schedule 3 of the Companies Act 2013 provides the format of the Balance sheet in accordance with which all the Indian companies are needed to prepare their financial statements annually Financial Statements Annually Annual Financial Statements refers to the annual presentation of the entitys financial performance comprising a Balance Sheet statement of profit and loss statement of changes. Current Assets Current Liabilities.
Report on a condensed balance sheet as of March 31 19X1 and the related con-densed statements of income and cash flows for the three-month periods ended March 31 19X1 and 19X0 together with a report on a condensed balance sheet derived from audited financial statements as of December 31 19X0 included in Form 10-Q8. This form of presentation may be used in combination with a complete set of condensed financial statements when the intent is to present just the highlights of an entitys assets liabilities and equity. Dataset based on unaudited data.
Common Size of Colgates Balance Sheet. A condensed balance sheet is a statement of changes in financial position that is presented in a highly aggregated format. Illustrative Format of Condensed Financial Statements for a Bank.
Values are in millions of US equivalent rounded to 2 decimal places. Inventories percentage decreased from 116 to 99 overall. For example the assets section of a typical balance sheet is divided into current and long-term assets.
In this way the balance sheet shows how the resources controlled by the business assets are financed by debt liabilities or shareholder investments equity. The balance sheet is a very important financial statement that summarizes a companys assets what it owns and liabilities what it owes. Types of Balance Sheet Ratios.
You can also see how the company resources are distributed and compare the information with similar companies. This approach is used to simplify the presentation of information sometimes into a single page for all three of the financial statements. Profit Sharing investment 0 0 0 0.