Show Vertical Balance Sheet?
Setting this field to Yes displays the Balance Sheet in Vertical form. In the British/Europe configuration, the Vertical Balance Sheet has Liabilities and Assets, whereas the Indian/Asian configuration, it displays Sources of Funds and Application of Funds.
Profit or Loss, both as Liability?
Set this to No, to move the Profit & Loss Account to the Asset side of the Balance Sheet.
Note: This is applicable only in the horizontal form.
Show Percentages?
Each line will be expressed as a percentage of the total in the Balance Sheet.
Show Working Capital figures?
Set to Yes, to display Current Assets, less -Current Liabilities as shown
Method of Showing the Balance Sheet
The options are
| • | Liabilities/Assets |
| • | Assets/Liabilities. |
Format of the Balance Sheet:
| • | For Horizontal Balance Sheet: Left Hand Side/Right Hand Side |
| • | For Vertical Balance Sheet: Top/Bottom. |
Vertical Form of Balance Sheet
| 1. | Set Show Vertical Balance Sheet to Yes in F12: Configuration. |
| 2. | Go to Gateway of Tally > F12: Configuration > General |
| · | Set Use accounting terminology of to India/SAARC or International under the Country Details to Yes. |
| · | If you have activated India/SAARC the Balance Sheet will display Sources of Funds and Application of Funds. |
| · | If you have activated International the Balance Sheet will display Assets and Liabilities |
Columnar Balance Sheets
| • | Select a Balance Sheet for a different date to compare alongside the current one |
| • | Press New Column on the Button bar or ALT+C and change the period. |
The following is a comparison of Balance Sheet dated 1st October and Balance Sheet dated 2nd October.
| • | Press New Column on the button bars or ALT+C and change only the currency to display the Balance Sheet with figures in a different currency. |
Show Quarterly Balance Sheet
To view a Quarterly Balance Sheet
| • | Press Auto-column on the button bar or use the key ALT+N. |
| • | Select Quarterly from the list of periods. |
The following screen displays
