6 Profit and Loss Balance Sheet format
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trading profit and loss account and balance sheet i would like to suggest that it is better to give balance sheet format separately for sole trading concern and pany it may be noted that in this format b s format is given for pany where are revenue a c is given for a single proprietor schedule 3 of panies act 2013 general instructions schedule iii see section 129 [effective from 1st april 2014][division i financial statements for a pany whose financial statements are required to ply with the panies accounting standards rules 2006 balance sheet format – accounting simplified the balance sheet format helps the user by grouping these accounts into classes such as the function of the account the business use of the resources and whether resources and liabilities are short term or long term preparing balance sheet from trial balance financial preparing balance sheet from trial balance financial statement analysis merce finance acc balance sheet acc financial statement & accounts get acc latest balance sheet financial statements and acc detailed profit and loss accounts