MBA Student Needs Urgent Help with Preparing Balance Sheets for HR Manager – Any Advice?

Dear Sir,

I am an MBA student, so I need your help on how to prepare a balance sheet for the accounting department. This is necessary for the HR manager. I also want to know about the types of balance sheets. Please help me urgently.

Regards,
Abha Singh

It's easy. First, you write the following:

Company Name Balance Sheet Date

Assets Cash: $ Accounts Receivable (if any): $? Land (if any): $? Equipment (if any):

Total Assets: $

Liabilities and Equity Liabilities Account Payable Salaries and Wages Notes Payable

Total Liabilities: $

Equity Capital Retained Earnings

Total Equity

Total Equity and Liabilities (To check, the total assets must be equal to total liabilities and equity). Good luck.

Balance sheets can be prepared in two types:

1. Horizontal Balance Sheet: Liabilities are listed in one column, and Assets are listed in another column.

2. Vertical Balance Sheet:

Please let me know if you need further assistance.

Dear All,

Please send me "How to prepare a balance sheet for the accounting department."

Regards,
Prashant

Balance Sheet Preparation for Sarawath Ltd

Draw the Balance Sheet for the following information provided by Sarawath Ltd:

• Current Ratio: 2.50
• Liquidity Ratio: 1.50
• Net Working Capital: Rs. 300,000
• Stock Turnover Ratio: 6 times
• Ratio of Gross Profit to Sales: 20%
• Fixed Asset Turnover Ratio: 2 times
• Average Debt Collection Period: 2 months
• Fixed Assets to Net Worth: 0.80
• Reserve and Surplus to Capital: 0.50

Hint: B/S total 1,100,000

Please help.