Balance Sheet (Amount in Rs.

Assets

Assets of the business having a life of less than a

Current Assets Year 0 Year 1 Year 2
year.

Cash available with the business, at office or in the

A Cash
bank account.

B Accounts Receivables Amount to be received on account of credit sales.

Stock of raw material, work in process, finished

C Inventories
goods, store and spares.

Expenses paid in advance, e.g.. advance building

D Pre Paid Expenditures
rent, insurance premium, lease payment etc.

E Total Current Assets (A+B+C+D) 0 0 0

Assets having a life of more than one year and

Fixed Assets Year 0 Year 1 Year 2
acquired for permanent use in the business.
Cost of the land used for office or factory (no
F Land
depreciation).
Building/ Cost of the building and infrastructure used for office
G
Infrastructure or factory minus accumulated depreciation.
Cost of machinery and equipment minus
H Machinery & Equipment
accumulated depreciation.
Cost of furniture and fixture (electricity fittings etc.)
I Furniture & Fixtures
minus accumulated depreciation.
Cost of office vehicles (if any) minus accumulated
J Office Vehicles
depreciation.
Cost of office equipment (printers, computers, fax,
K Office Equipment
telephone etc.) minus accumulated depreciation.

L Total Fixed Assets (F+G+H+I+J+K) 0 0 0

Total Assets (E+L) 0 0 0

Liabilities

Liabilities which are payable with in a period of one

Current Liabilities Year 0 Year 1 Year 2
year.
The amount payable to the creditors of the business
M Accounts Payable
for example the suppliers of raw material.
Outstanding amount of the amount representing
N Short Term Debt
short term debt acquired for working capital.

O Other Liabilities Other trade liabilities, if any.

P Total Current Liabilities (M+N+O) 0 0 0

 Liabilities which are payable after a period of one
Long Term Liabilities Year 0 Year 1 Year 2
year or more.
Outstanding balance of the amount acquired from the
Q Long Term Loan
bank as a long term loan, lease facilities, etc.
Total Long Term
R (Q) 0 0 0
Liabilities

The investment of the owners / partners /

Equity Year 0 Year 1 Year 2
shareholders.
Contribution of owners towards the business
S Capital
commonly referred as owners' equity.

T Retained earnings Amount retained from the annual revenue.

U Total Equity (S+T) 0 0 0

Total Liabilities and

(P+R+U) 0 0 0
Equity

Total of Assets and Liabilities should be equal. 0 0 0

 Assets

Year 3 Year 4 Year 5

0 0 0

Year 3 Year 4 Year 5

0 0 0

0 0 0

Liabilities

Year 3 Year 4 Year 5

0 0 0
Year 3 Year 4 Year 5

0 0 0

Year 3 Year 4 Year 5

0 0 0

0 0 0

0 0 0