Ask Experts Questions for FREE Help !
Ask
    gflo1978's Avatar
    gflo1978 Posts: 9, Reputation: 1
    New Member
     
    #1

    Nov 29, 2007, 12:10 AM
    Samples of a Classified Balance Sheet
    How to prepare a classified balance sheet?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
     
    #2

    Nov 29, 2007, 12:14 AM
    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

    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
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
     
    #3

    Nov 29, 2007, 12:18 AM
    The above refereced site would be worth checking out by-the-way. There is a lot of information on it.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Classified (multi-step) Income Statement, and Classified Balance Sheet [ 1 Answers ]

I am in Accounting and I have a question on a homework problem that wasn't covered in the discussion. A trial balance sheet was given and a Classified (multi-step) Income Statement and a Classified Balance Sheet need to be made. If you could help me figure out what points should be under each that...

Classified balance sheet [ 5 Answers ]

When preparing a classified balance sheet, do you include the net income from the income statement?

Classified Balance Sheet [ 3 Answers ]

I have I question regarding classified balance sheets. If expenses and revenue are listed and I have to create a classified balance sheet with those items above, assets, liabilities, and stockholders equity, how would I incorporate the revenue and expenses??

Classified balance sheet [ 3 Answers ]

Does unearned revenue go on a classified balance sheet??

Classified Balance Sheet [ 1 Answers ]

I am having trouble doing a Classified Balance Sheet. Is Accumulated Depreciation liability or assets?


View more questions Search