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30 Sep 2013 ... BALANCE SHEET AS AT 30th SEP 2013 ... L-10. 1,250,000. 1,250,000. Credit/ Debit Fair Value Change Account (Net) ... ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED ... FORM
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How to fill out balance sheet as at
How to fill out balance sheet as at:
01
Start by gathering all the relevant financial information for your business, including your assets, liabilities, and equity. This will typically include bank statements, loan documents, inventory records, and any other financial records or statements.
02
Once you have collected all the necessary information, categorize it into different sections on the balance sheet. Common sections include current assets, fixed assets, current liabilities, long-term liabilities, and equity. Be sure to accurately categorize and record each item.
03
Begin filling out the balance sheet by listing all your assets. This may include cash, accounts receivable, inventory, investments, equipment, buildings, and land. Input the value or amount for each asset and total them up at the bottom.
04
Next, move on to recording your liabilities. These are the debts and obligations your business owes, such as accounts payable, loans, mortgages, and any other outstanding debts. List each liability with its corresponding value and total them at the bottom.
05
After listing both your assets and liabilities, calculate the difference between the two. This is known as the equity or net worth of your business. Include any additional equity contributions or withdrawals as well.
06
Finally, add up the total assets, total liabilities, and total equity to ensure they balance. The total assets should equal the total liabilities plus equity. If they don't match, review your entries and make any necessary adjustments until the balance sheet balances.
Who needs balance sheet as at:
01
Business Owners: Business owners need a balance sheet as at a specific date to assess their company's financial health and overall performance. It provides a snapshot of the business's assets, liabilities, and equity, allowing owners to make informed decisions and evaluate their financial position.
02
Investors: Investors, whether they are potential lenders or shareholders, often require a balance sheet as at a certain date to assess the financial stability and profitability of a company. It helps them determine the risk associated with investing in the business and evaluate its ability to generate returns.
03
Creditors and Lenders: Creditors and lenders use the balance sheet as at a particular date to evaluate a company's creditworthiness when considering loans or credit extensions. It allows them to assess the business's ability to repay its debts and determine the level of risk involved.
04
Regulatory Bodies and Government Agencies: Regulatory bodies and government agencies may require businesses to provide balance sheets as at specific dates for compliance purposes. These documents help ensure that the business is properly reporting its financial position and meeting regulatory requirements.
In conclusion, filling out a balance sheet as at involves organizing and recording a company's assets, liabilities, and equity accurately. This financial statement is important for business owners, investors, creditors, lenders, and regulatory bodies to assess the financial health and performance of a business.
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What is balance sheet as at?
Balance sheet as at is a financial statement that provides a snapshot of a company's financial condition at a specific point in time.
Who is required to file balance sheet as at?
Companies, businesses, and organizations are required to file balance sheet as at.
How to fill out balance sheet as at?
Balance sheet as at can be filled out by listing assets, liabilities, and equity at a specific date.
What is the purpose of balance sheet as at?
The purpose of balance sheet as at is to provide stakeholders with information about the financial position of a company at a specific date.
What information must be reported on balance sheet as at?
Information such as assets, liabilities, and equity must be reported on balance sheet as at.
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