Hello, Guest   |   Login here

Vertical Format for P/L Statement and Balance Sheet for M1

The Worksheet for M1 in the Accounting System > Group 3 > Worksheets M1 presents the four financial statements, Balance Sheet, Income Statement, Statement of Cash Flows and Statement of Changes in Equity arranged in the same sequential order, one next to the other, in a "horizontal format" the entries for each transaction. The Accounting Equation has in a horizontal arrangement the main items of the balance sheet, assets and liabilities.

However, it is customary for companies to present financial statements in the "vertical format", as shown below, 

Subscribe today and learn the fundamentals

It seems you don't have access to the exclusive content of The Course.

In order to gain access to the content of The Course you will have to register with EntreprenAble. Membership with EntreprenAble will also give you access to our interactive Business Game and Accounting Simulations.

Subscribe today and get:

  • Unlimited website access to The Course
  • Optimized view for Desktop, Tablet and Mobile devices
  • Free 7-day, no obligation trial - normally £15
Start free trial
Test-drive the system for free
Page 1 of 2 1 2