How many schedules in balance sheet

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Krishna Kilari. Yusuf Dungra. Show More. Views Total views. Actions Shares. No notes for slide. Bank Schedules Balance Sheet 1. Total views 25, Terms Privacy Legal. For the Period Ended Balance Sheet as at Current assets are those which can be liquidated within a short period of time. Cash is the most liquid form of these assets and it includes all funds contained in current, savings, and money market accounts.

Accounts receivable is the amount to be received from the customers also known as debtors. These receivables are created from the time the customer is billed to the time the company receives payment from the customer.

Fixed assets are items that are physical assets that are owned by the company for a long term. Long term assets are generally depreciated over time and so these assets are recorded with a total accumulated depreciation amount subtracted from them.

Vehicle is a long term asset held by the company for more than a year and it is depreciated over time. For the Company with two years data, system will check for the Vouchers passed on any Day for the month March to determine the Audit Year.

Inserting and Renaming Heads. Schedule VI Master Configuration. Schedule VI Rule Configuration. Agewise Bifurcation of Sundry Debtors. Note Number Configuration. Note Summary. This easily lets you know which customers have outstanding invoices as the invoices are collaboratively assigned to every single customer. For example, businesses can generate payment notices to the customers with unpaid invoices after simply cross-verifying the list of such customers with the help of this schedule.

The accounts payable schedule lists the number of vendors to whom your company have payments pending. If your business buys services and raw materials from a lot of different companies, there is a good amount of possibility that your business gets offered terms, with cash not forming the only source of payments.

For example, the debts which are outstanding are actually a liability on a business which must be paid as soon as possible. This schedule precisely tells you about how much money is to be paid and to whom. In other words, it is one of the best ways to arrive at the accounts payable solutions. The inventory schedule lets you know about the raw materials that are available for use for manufacturing and the number of ready-to-sale products to the customers.

The complete costs of all these things form the inventory, which is considered as an asset to the company. Any revenues that come as a result of incurred costs while providing a service also come under the inventory. The distribution details of the inventories will be shown in this schedule.

In a nutshell, inventory accounting is comprised of the following:. The fixed asset schedule comprises of the fixed assets listing in detail, which is mentioned in the general ledger.