The balance sheet provides insights on what the business owns (its assets), what the business owes (its liabilities), and how much the business is worth. It helps you spot the strengths and weaknesses in your business, helping you make smart decisions about how to invest and grow in the future. ADVERTISEMENTS: In this article we will discuss about horizontal and vertical forms of balance sheet. Horizontal Form of Balance Sheet: According to Section 210 of the Companies Act a Company is required to prepare a Balance Sheet at the end of each trading period.
A balance sheet has a formal pre-defined format and layout. If you want to create a balance sheet for your company accounts, you have to follow the same pattern. For this reason, we have created a professionally designed balance sheet template that you can use to create your own statement. It is designed in Ms. Word, and is entirely customizable. months after the balance sheet date; in particular, those for which the entity does not have an unconditional right to defer settlement of the liability for at least twelve months after the