The document produced is known as a balance sheet and represents a freeze frame of what the business owns and owes at a particular moment in time. In the UK the classic format of the balance sheet is ...

off-balance sheet items are not transparent. Under the equity method, the investment is recorded at cost and is subsequently adjusted to reflect the share of net profit or loss and dividends received.

The Reserve Bank of India (RBI) has released draft formats for the financial statements of co-operative banks, updating the ...

RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...