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    shoyebbd's Avatar
    shoyebbd Posts: 1, Reputation: 1
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    #1

    Mar 31, 2008, 11:04 PM
    What is classified balance sheet
    Can any one answer me the quesion: " What is classified balance sheet? And prepare an imaginary classified balance sheet.
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Apr 1, 2008, 12:15 AM
    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
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Apr 1, 2008, 12:38 AM
    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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