Wednesday, May 9, 2012

What type of accounting heads shows in Liabilities side in Balance Sheet

 BALANCE SHEET LEFT HAND SIDE HEADS
 
A balance sheet of the company may have the following accounting heads in Liabilities Side.

  • Sundry or Trade Creditors
  • Bills Payable
  • Bank Overdraft
  • Employees Provident Fund
  • Loans (Cr.)
  • Mortage
  • Reserve/Res. Fund Capital
  • Capital 
  • Add Interest on Capital
  • Add Net Profit
  • Less Drawings
  • Less Income Tax
  • Less Interest on Drawings
  • Less Net Loss
  • Outstanding Expenses

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