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Prepartion of Balance Sheet in THDC

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saurav
The document discusses the process of preparing a balance sheet for THDC (Tehri Hydro Development Corporation). It begins with an introduction to THDC. It then outlines the steps to prepare the balance sheet which include: 1) trial balance 2) grouping schedules into relevant categories for the balance sheet and profit/loss statement 3) preparing the profit/loss statement using schedules 18-27 4) finalizing the balance sheet using schedules 1-16. Key schedules for the balance sheet include assets, liabilities, capital, reserves and surplus. The balance sheet reports the property values and claims against the organization.

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86 views9 pages

Prepartion of Balance Sheet in THDC

Uploaded by

saurav
The document discusses the process of preparing a balance sheet for THDC (Tehri Hydro Development Corporation). It begins with an introduction to THDC. It then outlines the steps to prepare the balance sheet which include: 1) trial balance 2) grouping schedules into relevant categories for the balance sheet and profit/loss statement 3) preparing the profit/loss statement using schedules 18-27 4) finalizing the balance sheet using schedules 1-16. Key schedules for the balance sheet include assets, liabilities, capital, reserves and surplus. The balance sheet reports the property values and claims against the organization.

Copyright:

Attribution Non-Commercial (BY-NC)
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PREPARTION OF BALANCE SHEET

IN THDC .

Submitted by:-
prakash joshi
Introduction of THDC
 Tehri Dam & Hydro Electric Project had initially been accorded Investment
Clearance by the Planning. The  Commission in June, 1972 for
implementation by the Government of U.P., with an installed generating
capacity of 600 MW. The State Government commenced the construction of
the Project in 1978. THDC, a Joint Venture Corporation of the Govt. of India
and Govt. of U.P., was incorporated as a Limited Company under the
Companies Act,1956, in July’88, to develop, operate and maintain the Tehri
hydro power projects.
Procedure of preparing balance
sheet
 1. Balance sheet
 2. Profit & Loss account
 3. Grouping of schedules (1-27)
 4. Trail balance

The sequence of preparation starts from trial balance and ends with preparation of
balance sheet for a period.
Trail balance

Trail balance is a statement of accounts


which is prepared in ledger showing either
balance or total amount of debit and credit
items. It is used to test the arithmetical
accuracy of entries affected.
Grouping of schedule

Schedules are grouped according to there


nature and are entered in profit & loss
account and balance sheet of the
company
Schedules
 Capital
 Reserve & surplus
 Deferred revenue on account of advance against depreciation
 Secured loans
 Unsecured loans
 Fixed assets
 Capital work in progress
 Constructed sources & advances
 Investments
 Inventories
 Sundry debtors
 Cash & Bank
 Other Current liabilities
 Loans & advances
 Current liabilities
 Provision
 Contingent liabilities
 Sales
 Provision Return back
 Other income
 Employee Remuneration
 Generation, Administrative & other expenses
 Provisions
 Interest & Finance charges
 Prior Period income/expenditure
 Expenditure during construction
 Notes on accounts
Profit & loss account
schedule(18-27)

Profit & loss account is an account into


which all gains and losses are collected in
order to ascertain the excess gain over the
losses and vice versa
BALANCE SHEET
Schedule(1-16)

Balance sheet is a statement which reports


the property values owned by the
enterprise and claims of the creditors and
owners against the properties.
Conclusion

Preparation of financial statements are


necessary for an organization and external
users. In India a complete set of financial
statements includes balance sheet profit
and loss account schedules and trial
balance.

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