Schedule VI: Form of Balance Sheet

Liabilities Assets
Share Capital Fixed Assets
Authorised Distinguishing as far as possible between
Issued expenditure upon the following:
Subscribed • • Goodwill/Land/Buildings,
Paid up /Leasehold/Railway sidings/Plant and machinery
• • Furniture and fittings/Development of
property
• • Patents, trade marks and designs, Livestock
/Vehicles
Reserves and Surplus Investments
• • Capital Reserve Showing nature of investments and mode of
valuation and distinguishing between-
• • Capital Redemption Reserve
• Investments in Government or Trust
• • Share Premium Securities
• • Other Reserves specifying the nature of each • Investment in shares, debentures or bonds
Reserves and the amount in respect thereof showing separately shares fully paid-up and
Less Debit balance in profit and loss partly paid-up and also distinguishing the
account (if any) different classes of shares and showing also
• • Surplus i.e. balance in profit and loss in similar details investments in shares,
account after providing for proposed allocations debentures or bonds of subsidiary
namely:- Dividend, Bonus or Reserves companies
• • Proposed additions to reserves • Immovable properties
• • Sinking fund • Investment in the capital of partnership
firms
Secured Loans Current Assets, Loans, Advances
• • Debentures A) A) Current Assets
• • Loans and Advance from Banks • • Interest accrued on investments
• • Loans and Advances from subsidiaries • • Stores and spares parts
• • Other Loans and Advances • • Loose tools
• • Stock in trade
• • Works in progress
• • Sundry Debtors
a) Debts outstanding for a period exceeding six
months
b)Other debts
• • Cash balance on hand
• • Bank balance- with scheduled Banks and
others
B) B) Loans and Advances
• • Loans and Advances to subsidiaries
• • Loans and Advances to partnership firms in
which the company or any of its subsidiaries is a
partner)
• • Bills of Exchange
• • Advances recoverable in cash or in kind or
for value to be received e.g. Rates, Taxes,
Insurance etc.
Liabilities Assets
• • Balance on current account with secretaries
and treasuries
• • Balance with Customs, Port Trust, etc.

Unsecured Loans Miscellaneous Expenditure (to the

• • Fixed Deposits extent not written off)
• • Loans and Advances from • • Preliminary expenses
subsidiaries • • Expenses including commission or
• • Short-term loans and Advances from brokerage on underwriting or
Banks and others subscription of shares or debentures
• • Other Loans and Advances from • • Discount allowed on the issue of
Banks and Others shares or debentures
• • Interest paid out of capital during
the construction period

Current Liabilities and Provisions Profit and Loss Account (Loss)

• • Acceptances
• • Sundry creditors
• • Subsidiary Companies
• • Advance payments and unexpired
discounts for the portions for which value
has still to be given e.g. in the case if
the following: Newspaper, Fire
Insurance, Theatres, clubs, Banking,
Steamship companies etc.
• • Unclaimed Dividends
• • Other Liabilities
• • Interest accrued but not due on loans
Provisions
• • Provision for Taxation
• • Proposed Dividend
• • For contingencies
• • For Provident Fund Scheme
• • For Insurance, Pension, and similar
staff benefit schemes
• • Other provisions