Which date of Bank published balance sheet?

 

Which date of Bank published balance sheet?

All bank Published There Balance Sheet on 31 st March Every  Financial Year . Balance Sheet is a mirror of any company .

 It  is the financial statement of a company which includes assets, liabilities,  Balance sheet are divided two part Left site is called Assets  and right site is called Liability.

Liability  means  =  any type of risk or  payable amount

 Example :- Partners capitals , creditor , Bills Payable  etc.

 Assets it mean = assets is a resource with economic value ,its company own Assets.

Example  :- Stock ,Furniture , Plant & Machinery .Bank balance  etc.

 

 Accounting Treatment in Balance Sheet

Any type of Expenses, Payable Amount, or Loss transfer to  Liability Site on Balance Sheet

And  Any type of Valuable Assists  , Debtors ,stock ,profit ,cash or Bank Balance  transfer to Assets  Site on Balance Sheet .

Explanation of liability Side on Balance Sheet  

Capital = The amount paid by the owner of the company or the partners of the company for business is called capital. No company can grow without capital. In fact, the owner of the company receives a dividend against  of this capital.

Net Profit =   Net profit is what we earn after deducting expenses and income tax from all the income of the company. The amount of profit is added to the capital. Again when expenses exceed all income. The result we then get is net loss. The amount of losses is always deducted from the capital.

Drawing = When the owner or partner of a company withdraws some amount from the company for personal use. This is called drawing. It is always excluded with capital

Interest On Capital=   The amount of interest that is earned on the capital. This is called interest capital. It is added with Capital .

Interest On Drawing = The amount of interest that is earned on the Drawing. This is called interest On Drawing . It is Added  with Drawing  .

Long-term Loan & Debenture = Long-term Loan & Debenture they are Also Called Loan .Long Time Loan Taken is Called  Long Term Loan .

Short –term Loan = Short –term Loan .Company Taken Any Loan for Short Time it is Called  Short –term Loan .

Creditor/ Bills Payable  =  Creditors are those from whom we are purchasing but have not yet been paid.