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    femi.3@earthlink.net's Avatar
    [email protected] Posts: 2, Reputation: 1
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    #1

    Jul 14, 2006, 01:11 PM
    Classification Balance Sheet
    What does a classification balance sheet look like?

    Please include everything that can be entered into the classification balance sheet or refer me to a site that I may view in its entirty?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jul 14, 2006, 02:05 PM
    "classification balance sheet" is not a standard accounting term... however I did find one that a company is calling that, here. See pages 45-46.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Jul 15, 2006, 01:42 PM
    Here is what I think you mean.

    The simple Balance Sheet is like this:

    Assets on the left side
    Liabilities and Shareholder's Equity on the right side

    List all assets and list all liabilities.

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~

    A classification balance sheet is more detail. Breaking up assets into current and long term and breaking up liabilities into current and long-term.

    See http://www.investopedia.com/articles/04/031004.asp for an example of a classified balance sheet.
    manik chand dey's Avatar
    manik chand dey Posts: 63, Reputation: 2
    Junior Member
     
    #4

    Dec 15, 2007, 02:33 AM
    In India liabilities are shown in left hand side and assets are displayed in right side.Again these assets and liabilities are reclassified in to long term and short term types.

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