The function of a correctly prepared Balance Sheet is to exhibit the true and correct view of the state of affairs of any concern. This new edition targets those questions related to the Balance Sheet that arise from some tricky sounding financial jargons which play important role in determining the overall fiscal health of the organization. Like in the earlier edition, readers would be taken through witty conversations infused with answers but this time they will cater to certain other equally important sections of the Balance Sheet that had not been previously addressed. Highlights of this edition: Real-life Balance Sheet illustrations on actual figures of five Indian Retail Apparel companies, along with their ‘Common-Size’ Balance Sheet illustrations and ‘Shareholders Funds’ illustrations. Identifying financial terms such as Capital Structure, Bad Debts, Advance from Customer, Notes to Accounts, Principle of Conservatism, Contractual Obligations or Ensuring Restrictions and Post-Balance Sheet Disclosures. Understanding the limitations of the Balance Sheet. Revised ExercisesTable of Contents:Preface Acknowledgements Introduction The Balance Sheet Importance of a Balance Sheet The Assets Side The Liability Side The Owners Equity Formats of the Balance Sheet What to See in a Balance Sheet? Example of Balance Sheet Exercises