{"id":2635,"date":"2019-10-24T06:28:46","date_gmt":"2019-10-24T06:28:46","guid":{"rendered":"https:\/\/commerceiets.com\/?p=2635"},"modified":"2019-10-24T06:28:46","modified_gmt":"2019-10-24T06:28:46","slug":"valuation-balance-sheet","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/valuation-balance-sheet\/","title":{"rendered":"VALUATION BALANCE SHEET"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/valuation-balance-sheet\/#VALUATION_BALANCE_SHEET\" title=\"VALUATION BALANCE SHEET\">VALUATION BALANCE SHEET<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/valuation-balance-sheet\/#GUIDELINES_FOR_PREPARATION_OF_BALANCE_SHEET\" title=\"GUIDELINES FOR PREPARATION OF\nBALANCE SHEET\">GUIDELINES FOR PREPARATION OF\nBALANCE SHEET<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"VALUATION_BALANCE_SHEET\"><\/span>VALUATION BALANCE SHEET<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the carrying amount of an asset or liability. An example of a valuation account that is associated with an asset is the Allowance for Doubtful Accounts. In case of insurance business, the valuation balance sheet is mostly prepared in case of life insurance business.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong>VALUATION BALANCE SHEET<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>FORM A- BS&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/strong><\/p>\n\n\n\n<p><strong>Name of the Insurer:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/strong><\/p>\n\n\n\n<p><strong>Registration No. and date of registration with IRDA<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>BALANCE SHEET AS AT 31<\/strong><sup><strong>ST<\/strong><\/sup><strong> MARCH, 20\u2026..<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  PARTICULARS\n  <\/td><td>\n  SCHEDULE\n  <\/td><td>\n  Current Year\n  <\/td><td>\n  Previous Year\n  <\/td><\/tr><tr><td>   <strong>SOURCES OF FUNDS<\/strong><br \/>   <strong>Shareholder\u2019s Funds:<\/strong><br \/>   Share Capital<br \/>   &nbsp;Reserve and Surplus<br \/>   Credit\/ (Debit) Fair value change account<br \/>   <strong><em>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total<\/em><\/strong><br \/>   <strong>Borrowings<\/strong><br \/>   <strong>Policyholder\u2019s Funds:<\/strong><br \/>   Credit\/ (Debit) fair value change account<br \/>   Policy Liabilities<br \/>   Insurance Reserves<br \/>   Provisions for linked liabilities<br \/>   <strong><em>&nbsp;&nbsp;&nbsp;&nbsp; Sub-total<\/em><\/strong><br \/>   <strong>Funds for future   appropriations<\/strong> <br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>TOTAL<\/strong>   <\/td><td>    5<br \/>    6<br \/><br \/><br \/><br \/>    7<br \/><br \/><br \/><br \/><br \/><br \/><br \/><br \/><\/td><td>\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><\/tr><tr><td>   <strong>APPLICATION OF FUNDS<\/strong><br \/><strong><br \/>   Investments:<\/strong><br \/>   Shareholders\u2019<br \/>   Policyholders\u2019<br \/>   <strong>Assets held to cover linked   liabilities<\/strong><br \/>   <strong>Loans<\/strong><br \/>   <strong>Fixed assets<\/strong><br \/>   <strong>Current assets:<\/strong><br \/>   Cash and Bank Balance<br \/>   Advances and other assets<br \/>   &nbsp;&nbsp;&nbsp; <strong><em>Sub-total (A)<\/em><\/strong><br \/>   <strong>Current liabilities<\/strong><br \/>   <strong>Provisions<\/strong><br \/>   <strong><em>&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (B)<\/em><\/strong><br \/>   <strong>Net Current Assets (C)=   (A)-(B)<\/strong><br \/>   <strong>Miscellaneous Expenditure (to   the extent not written off or adjusted)<\/strong><br \/>   <strong>Debit Balance In Profit and Loss   Account (Shareholders\u2019 Account)<\/strong><br \/>   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   <strong>TOTAL<\/strong>   <\/td><td>8<br \/>8A<br \/><br \/>8B<br \/>9<br \/>10<br \/><br \/>11<br \/>12<br \/><br \/>13<br \/>14<br \/><br \/><br \/>15<br \/><br \/><\/td><td>\n  &nbsp;\n  <\/td><td>\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GUIDELINES_FOR_PREPARATION_OF_BALANCE_SHEET\"><\/span>GUIDELINES FOR PREPARATION OF\nBALANCE SHEET<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Investments in subsidiary\/ holding companies\/\njoint ventures and associates shall be separately disclosed, at cost.<\/li><li>Short term loans shall include those, which are\nrepayable within 12 months from the date of the balance sheet. Long term loans\nshall be the loans other than short-term loans.<\/li><li>Provisions against non-performing assets shall\nbe shown separately.<\/li><li>Loans considered doubtful and the amount of\nprovision created against such loans shall be disclosed.<\/li><li>Investments made out of catastrophe reserves\nshould be shown separately.<\/li><li>No items shall be included under the head\n\u2018Miscellaneous Expenditure\u2019 and carried forward unless:<\/li><li>Some\nbenefit from the expenditure can reasonably be expected to be received in\nfuture.<\/li><li>The\namount of such benefit is reasonably determinate.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Also study:&nbsp;<\/strong><\/td><td><strong>Also study:&nbsp;<\/strong><\/td><td><strong>Also study:&nbsp;<\/strong><\/td><td><strong>Also study:&nbsp;<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/joint-stock-company\/\">Meaning of company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/types-of-companies\/\">Types of companies<\/a><\/td><td><a href=\"http:\/\/v\" target=\"_blank\">One person company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-public-and-private-company\/\">Public VS Private Company<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/sweat-equity-shares\/\">Sweat Equity Shares<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/stock-and-shares\/\">Stock vs Shares<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/reserve-capital-and-capital-reserve\/\">Reserve Capital Vs Reserve Capital<\/a><\/td><td><a href=\"http:\/\/v\" target=\"_blank\">Different types of preference shares<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/different-types-of-preference-shares\/\">Equity vs Preference shares<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/slip-system-of-posting\/\">Slip System of Posting<\/a><\/td><td><a href=\"http:\/\/v\" target=\"_blank\">Redemption of preference shares<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/buy-back-of-shares\/\">Buy Back of shares<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/debentures\/\">Debentures<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/issue-of-debentures\/\">Issue of debentures<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/redemption-of-debentures\/\">Redemption of Debentures<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/sources-of-redemption-of-debentures\/\">Sources of redemption of debentures<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/balance-sheet-as-per-companies-act-2013\/\">Balance Sheet as per Companies Act 2013<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/divisible-profits\/\">Divisible Profits<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/amalgamation\/\">Amalgamation<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/purchase-consideration\/\">Purchase consideration<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/alteration-of-share-capital\/\">Alteration of share capital<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/internal-reconstruction\/\">Internal Reconstruction<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/provisions-of-banking-regulation-act-1949\/\">Provision of banking regulation act 1949<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/asset-classification-of-banking-company\/\">Asset classification of banking company<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/non-performing-assets\/\">Non-performing assets<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/advances-in-banking-company\/\">Advances in banking company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/types-of-life-insurance-policies\/\">Life Insurance Accounting<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/valuation-balance-sheet\/\">Valuation balance sheet<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/financial-statements-of-life-insurance-business\/\">Financial statements of life insurance companies<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/final-accounts-of-general-insurance-companies\/\">Final accounts of general insurance companies<\/a><\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>CONNECT ON LINKEDIN<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VALUATION BALANCE SHEET In accounting, a valuation account is usually a balance sheet account that is used in combination with another balance sheet account in order to report the carrying amount of an asset or liability. An example of a valuation account that is associated with an asset is the Allowance for Doubtful Accounts. In&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/valuation-balance-sheet\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;VALUATION BALANCE SHEET&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":2637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2635"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=2635"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/2637"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=2635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=2635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=2635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}