1. Liabilities Amount Assets Amount
Rs. P. Rs. P.
Sundry or trade creditors …. … Cash in hand & petty cash …. ….
Bills payable …. … Cash at bank …. ….
Bank overdrafts …. … Bills receivable …. …
Employees provident fund …. … Sundry debtors/books debts …. …
Loans (cr.) …. … Loans(Dr.) …. …
Mortgage …. … Closing stock …. …
Reserve or reserve fund Investment …. ….
capital …. … Furniture & fittings …. ….
Add: interest on capital …. …. Loose tools …. ….
Add: net profit …. … Plant and machinery …. ….
Less: drawings …. … Horses and carts …. ….
Less: income tax …. … Land and buildings …. ….
Less: interest on drawings …. … Freehold/leasehold land …. …
Less: net loss …. … Business premises …. ….
Patents and trade marks etc. …. ….
goodwill …. …
Formate of the balance sheet………..