Section 1: Nature and Purpose Of A Balance Sheet

1.1 The Nature of Assets

1.2 The Nature of Claims

1.3 The Relationship Between Assets Liabilities and Capital

1.4 Other Important Conventions

Section 2: Capital Revenue and Expenses

2.1 The Effect of Transactions On Capital

2.2 The Link Between the Profit and Loss Account and the Balance Sheet.

Section 3: The Presentation of the Balance Sheet

3.1 Classification of Assets and Liabilities

3.2 Balance Sheet Formats.

3.3 Miscellaneous Points On The Balance Sheet

Review Activity

Recommended Reading

Tutor-marked Question Paper