Accounting Formats

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August 31, 2024 4 min read Definitions

Horizontal Form: Presentation of Financial Statements

Finance Accounting Financial Statements Balance Sheets Accounting Formats Debits and Credits Horizontal Form

The Horizontal Form is a presentation method of financial statements where debits and credits are displayed on opposite sides of the statement. This form is often used for balance sheets, showing fixed and current assets on the left, and capital and liabilities on the right.

August 31, 2024 4 min read Definitions

Profit and Loss Account Formats: An Overview

Accounting Finance Profit and Loss Account Financial Statements Accounting Formats Companies Act Financial Reporting

Comprehensive overview of the different formats for profit and loss accounts as prescribed by the Companies Act, including their requirements and implications.