View Full Version : Classification Balance Sheet
What does a classification balance sheet look like?
Please include everything that can be entered into the classification balance sheet or refer me to a site that I may view in its entirty?
RickJ
Jul 14, 2006, 02:05 PM
"classification balance sheet" is not a standard accounting term... however I did find one that a company is calling that, here (http://www.odfjelldrilling.com/FileArchive/64/Odfjell_Drilling_Annual_Report_2003.pdf). See pages 45-46.
CaptainForest
Jul 15, 2006, 01:42 PM
Here is what I think you mean.
The simple Balance Sheet is like this:
Assets on the left side
Liabilities and Shareholder's Equity on the right side
List all assets and list all liabilities.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~
A classification balance sheet is more detail. Breaking up assets into current and long term and breaking up liabilities into current and long-term.
See http://www.investopedia.com/articles/04/031004.asp for an example of a classified balance sheet.
manik chand dey
Dec 15, 2007, 02:33 AM
In India liabilities are shown in left hand side and assets are displayed in right side.Again these assets and liabilities are reclassified in to long term and short term types.