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30 Sep 2012 ... Name of the Insurer: Canada HSBC Oriental Bank of Commerce Life Insurance Company Limited ... BALANCE SHEET AS AT 30th ... L-10. 1,250,000. 1,250,000. Credit/Debit Fair Value Change
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How to fill out balance sheet as at
How to Fill Out Balance Sheet as at:
01
Begin by gathering all relevant financial information, such as cash on hand, accounts receivable, inventory, property, and liabilities.
02
Divide the information into different sections, including assets, liabilities, and equity.
03
List all current assets, such as cash, accounts receivable, inventory, and prepaid expenses. Include the value of each asset.
04
Calculate the total of current assets and write it down.
05
Proceed to list all non-current assets, such as property, vehicles, and long-term investments. Again, include the value of each asset.
06
Calculate the total of non-current assets and write it down.
07
Next, list all current liabilities, such as accounts payable, short-term loans, and accrued expenses. Include the value of each liability.
08
Calculate the total of current liabilities and write it down.
09
List all non-current liabilities, such as long-term loans and mortgages. Include the value of each liability.
10
Calculate the total of non-current liabilities and write it down.
11
Determine the equity by subtracting the total liabilities from the total assets. Write down the value.
12
Finally, ensure that all balance sheet entries are balanced. The total assets should equal the total liabilities and equity.
Who Needs Balance Sheet as at:
01
Businesses: Balance sheets are crucial for businesses as they provide a snapshot of their financial health. They help identify the company's assets, liabilities, and equity, allowing owners and stakeholders to understand its financial position.
02
Investors and Lenders: Balance sheets are essential for anyone considering investing in or lending money to a company. It helps them assess the company's financial stability, evaluate potential risks, and make informed decisions.
03
Financial Institutions: Banks and other financial institutions require balance sheets to evaluate the creditworthiness of individuals and businesses for loan approvals. The balance sheet provides valuable information about an entity's ability to repay the loan.
04
Government Agencies: Various government agencies may require balance sheets for taxation purposes, financial audits, or regulatory compliance.
05
Individuals: While balance sheets are typically associated with businesses, individuals can also benefit from maintaining a personal balance sheet. It helps in tracking personal assets, liabilities, and net worth, assisting in financial planning and decision-making.
Note: It is important to consult with a professional accountant or financial advisor for accurate and comprehensive guidance on filling out a balance sheet specific to your situation.
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What is balance sheet as at?
Balance sheet as at is a financial statement that shows the financial position of a company at a specific point in time, usually at the end of a reporting period.
Who is required to file balance sheet as at?
Companies, corporations, and other business entities are required to file balance sheet as at.
How to fill out balance sheet as at?
To fill out a balance sheet as at, you need to list all assets, liabilities, and equity of the company at the specific point in time.
What is the purpose of balance sheet as at?
The purpose of a balance sheet as at is to provide stakeholders with information about the financial position of a company at a specific time.
What information must be reported on balance sheet as at?
Information such as assets, liabilities, and equity of the company must be reported on a balance sheet as at.
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