Can any one answer me the quesion: " What is classified balance sheet? And prepare an imaginary classified balance sheet.
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Can any one answer me the quesion: " What is classified balance sheet? And prepare an imaginary classified balance sheet.
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
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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