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  • Mar 31, 2008, 11:04 PM
    shoyebbd
    What is classified balance sheet
    Can any one answer me the quesion: " What is classified balance sheet? And prepare an imaginary classified balance sheet.
  • Apr 1, 2008, 12:15 AM
    Clough
    I can tell you what a classified balance sheet is and that would be that it is a balance sheet in which assets and liabilities are subdivided into current and non-current categories.

    You will find examples of classified balance sheets if you will click on the following two searches.

    Classified Balance Sheet - Google Search

    Classified Balance Sheet - Google Image Search
  • Apr 1, 2008, 12:38 AM
    Clough
    1 Attachment(s)
    Below, is an example of what a classified balance sheet might look like. It is from Principles of Accounting Chapter 4

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