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horizontal form


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The presentation of a financial statement in which the debits are given on one side of the statement and the credits on the other. In the case of a balance sheet, the fixed assets and current assets would be shown on the left-hand side of the statement and the capital and liabilities on the right-hand side. Compare vertical form. See also balance-sheet formats; profit and loss account formats.

Subjects: Accounting.


Reference entries

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