...any point of time. It gives the details of the assets and the liabilities of the company. Understanding balance sheet is very important because it gives an idea of the financial strength of the company at any given point of time. Following is the balance sheet of Global Telesystems for the year ending on 31st Mar' 2000:
|As on |31-3-00 |
|Assets |
|Gross Block |3978.55 |
|Net Block |2790.57 |
|Capital WIP |66.72 |
|Investments |454.33 |
|Inventory |610.81 |
|Receivables |1546.81 |
|Other Current Assets |3673.67 |
|Balance Sheet Total |9142.92 |
|Liabilities |
|Equity Share Capital |434.12 |
|Reserves |5815.65 |
|Total Debt |2096.69 |
|Creditors and Acceptances |393.91 |
|Other current liab/prov. |402.55...
