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  • Bookkeeping balance sheet (Form 1)
    Bookkeeping balance sheet (Form 1) consists of 2 parts: assets and liabilities. The assets of the balance cover all the property the company has and the debts of contractors. These are the fixed assets, fictitious assets, resources, debit indebtedness, monetary assets and other assets.
    The liabilities of the balance cover the resources by means of which the company has these assets. It can be owned capital (statutory, added), external funds and obligations. Balance assets and liabilities total must be equal.

    Form 1 "Bookkeeping balance sheet” is established by the Statement of July 2, 2010 No.66н by the Ministry of Finance of the Russian Federation.
    All the indexes of standard form of Bookkeeping balance sheet (Form 1) are divided into groups of items (e.g. "Fixed assets”, "Financial assets”, "Debit indebtedness”). You can define their specification yourself in accordance with the importance of the characteristic.

    The sections of the balance

    The bookkeeping balance sheet consists of 5 sections:

    Section 1 "Non-current assets”. It covers the data on the depreciated book value of fixed assets, fictitious assets, income yielding investments into tangible assets. It also covers the sum of long-term financial investments, deferred tax assets and other non-current assets.

    Section 2 "Current assets”. It covers the data on the asset balance sheet value (material, manufactured goods, products, expenses in incomplete construction), short-term investments, the sum of debit indebtedness and monetary funds of the company.

    Section 3 "Capital and resources”. This section covers the data on the sum of the statutory, added and reserve capital, the cost of own shares bought out from shareholders, the sum of retained profit or uncovered loss.

    Section 4 "Long-term obligations”. It covers the sum of borrowed assets of the company, deferred tax and estimated liabilities, and other long-term obligations of the company.

    Section 5 "Short-term obligations”. This section covers the data on the sum of short-term loans and borrowings, accounts payable to the exporters and contractors, deferred income, estimated and other obligations of the company.
    Income statement (Form 2).
    Annual accounts include the Income statement (Form 2).

    It contains the following information:

    • Operating income;
    • Cost of sales;
    • Gross profit margin (negative profit);
    • Commercial and administrative expenses;
    • Sales profit (negative profit);
    • Interest receivable and payable;
    • Other income and expenses;
    • Profit (negative profit) before taxation;
    • Deferred tax assets and obligations changes;
    • Net profit (negative profit);
    • Supplemental information.
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