How to prepare a classified balance sheet?
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How to prepare a classified balance sheet?
Perhaps the following will be of help to you. I hope that it is. It is from the following site: Online Accounting Course | Balance Sheet
Quote:
Classifications Of Assets On The Balance Sheet
Accountants usually prepare classified balance sheets. "Classified" means that the balance sheet accounts are presented in distinct groupings, categories, or classifications. The asset classifications and their order of appearance on the balance sheet are:
Current Assets
Investments
Property, Plant, and Equipment
Intangible Assets
Other Assets
The above refereced site would be worth checking out by-the-way. There is a lot of information on it.
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