The below mentioned article provides a format of abridged balance sheet. As an economy device, the Companies (Amendment) Act 1988 introduced the concept of Abridged Balance Sheet vide Section 219(1) (b) (iv). As per this provision, the companies need not send the detailed Balance Sheet together with many schedules and reports to shareholders and may send only the Abridged Balance [...]
This article provides a format of final accounts of LIC. A life insurance company shall prepare the Revenue Account [Policyholders' Account], Profit and Loss Account [Shareholders' Account] and the Balance Sheet in Form A-RA, Form A- PL and Form A-BS, as prescribed in this Part, or as near thereto as the circumstances permit. Provided that an insurer shall prepare Revenue [...]
The Balance Sheet of a banking company is to be prepared in Form A given in Third Schedule to the Act. Unlike the previous form, the present one is devoid of details, the latter being shown in the schedules. RBI has given guidelines for compiling the balance sheet. Below are given Form A, the schedules there under and the instructions [...]