In statutory formats and in many cases we come across two balance sheets clubbed into one single statement giving us a comparative view of the figures pertaining to the two dates. One the last day of the current accounting period and the other the last day of the previous accounting period i.e. the first day of the current accounting period.
Stretch/Expand this balance sheet
In addition to providing all the information pertaining to an accounting period, the information from such a balance sheet enables us to compare the figures relating to the current period with the figures relating to the previous period.
Such a comparison enables us to analyse the changes in the current and non-current areas of the balance sheet over the period involved between the two balance sheet dates.