Author Topic: Classified balance sheet  (Read 499 times)

Offline Repon

  • Full Member
  • ***
  • Posts: 176
  • Test
    • View Profile
Classified balance sheet
« on: July 09, 2015, 01:03:56 PM »
What is a classified balance sheet?

A classified balance sheet is one that arranges the balance sheet accounts into a format that is useful for the readers. For example, most balance sheets use the following asset classifications:
-current
-long-term investments
-property, plant and equipment
-intangible assets
-other assets
Liabilities are usually classified as:
-current, or
-long-term or noncurrent asset.
Senior Lecturer in Accounting
Department of Business Administration
Faculty of Business & Economics
Daffodil International University

Offline Jasia.bba

  • Full Member
  • ***
  • Posts: 120
  • Test
    • View Profile
Re: Classified balance sheet
« Reply #1 on: July 12, 2015, 02:47:09 PM »
Nice.............
Jasia Mustafa
Lecturer,
Dept. of Business Administration
Faculty of Business & Economics
Daffodil International University

Offline asitrony

  • Hero Member
  • *****
  • Posts: 546
    • View Profile
Re: Classified balance sheet
« Reply #2 on: July 26, 2015, 12:28:51 PM »
Brief but solid content!

Thanks for the post.

Offline sajib

  • Full Member
  • ***
  • Posts: 179
    • View Profile
Re: Classified balance sheet
« Reply #3 on: September 21, 2016, 04:45:50 PM »
A classified balance sheet is a financial statement that reports asset, liability, and equity accounts in meaningful subcategories for readers’ ease of use. In other words, it breaks down each of the balance sheet accounts into smaller categories to create a more useful and meaningful report.
Kamrul Hossain Sajib
Assistant Controller of Examination
Daffodil International University