Schedule Balance from the Books of Shri Gavaskar
Shri Gavaskar maintains a schedule balance to ensure proper organization of his financial transactions. Let's delve into the details of his schedule balance:

What is a Schedule Balance?
A schedule balance is a summary of all transactions recorded in the books of accounts for a specific period. It helps in monitoring the financial health of an individual or organization.

Importance of Schedule Balance
1. Accuracy: It ensures that all transactions are accurately recorded.
2. Monitoring: It helps in monitoring cash flow and budgeting.
3. Decision-making: It provides insights for making informed financial decisions.
4. Compliance: It assists in complying with regulatory requirements.

Components of Schedule Balance
1. Opening Balance: The balance brought forward from the previous period.
2. Debits: Amounts recorded as expenses or withdrawals.
3. Credits: Amounts recorded as income or deposits.
4. Closing Balance: The balance remaining after all transactions are accounted for.

Example of Schedule Balance from Shri Gavaskar's Books
- Opening Balance: $10,000
- Debits: $5,000 (expenses)
- Credits: $8,000 (income)
- Closing Balance: $13,000

Conclusion
In conclusion, maintaining a schedule balance is crucial for financial management. It provides a clear overview of the financial status and aids in making sound financial decisions. Shri Gavaskar's diligent approach to schedule balance ensures financial stability and transparency in his financial dealings.