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July 4, 2008

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 classifications when presenting assets: 1) current, 2) long-term investments, 3) property, plant and equipment, 4) intangible assets, 5) other assets. Liabilities are usually classified as 1) current, or 2) long-term or noncurrent.

Learn more about the Balance Sheet.  Also try our Free Interactive Puzzles on Balance Sheet and many more topics. 

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Comments

10 Responses to “What is a classified balance sheet?”

  1. Venansio on July 4th, 2008 11:53 am

    how can I benefit from this resources I can not log inot the program. could you guide me in that. or your help is needed

  2. ken on August 13th, 2008 11:33 am

    dear sir
    am very weak in accounting am moreover i have the interest in doing that course so pls help me.am weak in bank reconciliation,debit and credit,incomplete record etc.sir pls am counting on u.thanks alot.

  3. ABDUL RAZAQUE MEMON on August 23rd, 2008 7:02 am

    Dear sir,
    I request that I have been offered a job by a textile mill to work as account officer in pay roll of emplyess ,I need ur help accordingly how i will start the same and can success to operate/run my services with textile mill.

  4. fotidi on October 25th, 2008 4:50 pm

    the recognition of an expense or revenue item coincides with its payment or collection. Why is that?

  5. fotidi on October 25th, 2008 4:54 pm

    the recognition of an expense or revenue item coincides with its payment or collection. Why is that?
    Please give me some examples.
    Thank you very much

  6. Shahid Hussain on January 31st, 2009 2:15 pm

    Dear Sir,
    I am impressed of ur work on the web and the information that your giving about accounting terms. Sir i need your help in advanced Accounts however i know about finanacial accounting but now i’m gooing to learn advanced accounts which is looking me a bit difficult to mantain if u help me i will be very thankful to u.

  7. hilda on June 11th, 2009 4:46 pm

    dear sir
    i am so weak in this topic which is to how to record financial report but im counting on you to tell me how i can study this sub topic easily
    if you can also show me all the intengible asset or a classified statement
    i hope to hea from u
    thanks very much for help

  8. parth on September 22nd, 2009 7:19 am

    dear sir,
    i am very thankfull to you. i learn so many things from your site and its always useful to see this site
    i want to know why you have shown balance sheet all asset at left side and all liabilities at right side i have seen all balance sheet with liabilities at left side (debit side) and assets and recievables at right side (credit side) please give your very valueable advise to clerify my doubt
    thanking you
    sencerly
    parth

  9. ramzan on September 24th, 2009 1:04 am

    Dear Sir/Medam,
    I am a student of CAT T7. when we are started a budgeting, i have no idea to understand it.sir you plz tell me about budgetig basis
    I am very thankful to you

  10. denice on September 24th, 2009 7:31 pm

    How do I find strengths and weaknesses in a financial statement

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