• Have any questions?
  • +91-9540-660064
  • hahassignment[@]gmail.com

Creation of Balance Sheet for explanatory the financial item of the erection. The preparation of the balance sheet is on the same pattern as of the trade entities. It depicts liabilities and assets as during the end of the year. Assets are depicted on the right-hand side whereas the liabilities are depicted on the left-hand side. However, there will be a General Fund or Capital Fund in place of the Capital and the surfeit or deficit as per Income and Expenditure A/c which is either deducted from or added to the capital fund, as the scenario may be. It is a common practice to add some of the subsidized items like entrance fees, legacies and life membership fees precisely in the capital fund.

When a balance sheet is prepared, current assets and liabilities will be classified clearly to inform the company of their obtain ability, such as:-


  • Fictitious assets
  • Liquid assets
  • Current assets
  • Fixed assets
  • Current liabilities
  • Fixed liabilities
  • Fund
  • Reserve

Compose a trial balance- It is a regular report included in any accounting programme. If it is a manual mode, then create a trial balance by transferring every general ledger account’s ending balance to a spreadsheet.

Arrange the trial balance- It is important to arrange the initial trial balance to assure that the balance sheet similar to the relevant accounting structure. While using adjusting entries to adjust the trial balance all the entry should be completely recorded so the auditors can understand why it was made.

Discard all expense and revenue accounts- The trial balance includes expenses, revenue, losses, gains, liabilities, equity, and assets. Remove all from the trial balance besides equity, liabilities, and assets. However, the deleted accounts are used to create an income statement.

Calculate the remaining accounts- In this stage, sum up all the trial balance account used to create a balance sheet. The standard line items applied in the balance sheet are:

  • • Cash
  • • Accounts receivable
  • • Inventory
  • • Fixed assets
  • • Other assets
  • • Accounts payable
  • • Accrued liabilities
  • • Debt
  • • Other liabilities
  • • Common stock
  • • Retained earnings

Validate the balance sheet- The total for all assets recorded in the balance sheet should be similar to the liabilities and stockholders’ equity accounts.

Our Homework Help service has assisted students to obtain much better grades than before. We provide

  • 24X 7 single click tutors connect
  • Well qualified, knowledgeable and online trainers to resolve your complicated problems
  • Skill assessment test and customization of course based on your requirement5
  • Detailed Homework Assignment Help
  • Unmatched Quality Assignments on time
  • Cost-effective Assignment Help
  • 24x 7 Online Supports
  • E-mail and Live Homework Help

These Areas in Accounts in which we provide help:

Read more

Our tutors start working only after the payment is made, to ensure that we are doing work only for serious clients and also our solution meets the required standard.



Getting homework help was never so easy you just need to follow following steps:

  • Send us you Other Assignment or problem through email
  • Specify the required format such as Word, Excel, Notepad, PDF
  • Give us a deadline when you need the assignment completed along with the Time Zone.
    (for example: EST, Australian GMT etc)
  • Send documents related to your assignment which can help our tutors to provide a better work,
    any example or format you want the solutions to be in.
  • Our tutors will review the assignment sent by you and if all the required information is there we will
    send you the price quoted by our tutor along with the time needed to solve the assignment
  • You can pay us through paypal or credit card.
  • After receiving the payment tutors start working on your assignment.
  • Finally, we deliver the solutions and get a feedback from you regarding our work

In case you face any problem or have any query please email us at :-info[@]homeworkassignmenthelp.com