Mention all examples of Assets and Liabilities in a Balance Sheet?
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Answer / sivaparvathi
Assets in balance-sheet are broadly three types
1. Fixed assets
Eg: land &building, Plant&machinery,furniture etc.
2.Current Assets:
Eg: stock, cash at hand, cash at bank,bills receivable,debtors,pre paid exp.etc.
3.Fictitious Assets:
Eg:goodwill, patents etc.
Liabilities in balance sheet are 2types:
long term liabilities:
Eg:capital,shareholder equity,debenture etc.
short term liability;
Eg:bank loans, bank od, creditors, bills payable etc.
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Answer / deepashree p
fixed assets - land & building ,plant & machinery ,good will ,patents,copy writes
current assets - cash in hand , debtors , bad debt ,cash at bank
fictious assets - miselenious expenditure ,discount on expenditure
liabilites
share capltal
reserves & surplus
creditors
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At Assets Side
Cash Balance
Bank Balance
Closing Stock
Customer Receivables
At Liabilities
Bank Od
Sundry Creditors /Outsider Payable s
Any Provision/Outstanding
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Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance in cash.pass necessary entry
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