SS (02.07.1985 / INDIA)

Scrutinising Your Balance Sheet

SCRUTINIZE YOUR BALANCE SHEET
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Just check the true and fairness of r balance sheet.
Be sure there is no misappropriation, even if a tin sheet.


Check the accountability of all the transactions.
Check reliability of all the supporting emotions.
Verify the transactions with r emotions.
Accordingly updat r life’s audit working papers.


Split up evidence as internal and external.
Unlike balance sheet relating to business,
Rely more on internal.
For this count every contributor,
Even if those whose feelings has been
Smashed in funeral.


Be mind it, the activities you have to do
Are reflecting in the liability side.
To give a true and fair view, the effect of
The activities have to coincide with that of asset side.

Is r balance sheet is a sound one?
Is it giving enough information to management level?
Is it showing all the contingencies as a foot note?
Can it attract the long term and short term investors?


So keeping all the points in mind, draft r balance sheet in the format given below……………….analyze it…………..definitely u can improve yourself to some extent………………………………………………………………………………….


LIABILITIES ASSETS
can’t be can’t be
measured measured

Capital Account: Fixed Assets:
Personal strength xxxxxx confidence and morality xxxxxx
Net gain during the year xxxxxx
xxxxxx
Current Liabilities: Current Assets:
Short term commitments short term commitments
Given by you xxxxxx given by others xxxxxx


Other liabilities: other assets:
Long term commitments Long term commitments
Given by you xxxxxx given by others xxxxxx

Total xxxxxx xxxxxx



COOL……………………………………………….

Written By:
Satyabrata Sahoo

User Rating: 5 / 5 ( 0 votes ) 1

Comments (1)

I missed a few numbers in my trial balance and I am sure it is not going to tally. People love to have only assets and profits in life's balance sheet. Interesting write. Rema