• Embed Doc
  • Readcast
  • Collections
  • CommentGo Back
Download
 
Balance Sheet for M Smith as at 28 February 2009
£ £
Fixed Assets
Premises 45000Delivery Van 1500060000
Intangible Assets
Goodwill 30000
Total Fixed Assets90000Current Assets
Stock 17000Debtors 23000Cash 1300053000
Current Liabilities
Creditors 14500
Working Capital38500Long Term Liabilities
Bank Loan 17000
111500
Financed by:Capital at start 100000add net profit 11500
111500NET ASSETS (Fixed assets +working capital - long termliabilities)
 
Both Halves of the BalanceSheet MUST Balance becauseany increase in assets MUST befunded by an equal increase ineither capital or liabilities
.
Therefore:Assets = Capital + Liabilities
 
Balance Sheet for E Windsor as at 28 February 2009
£ £
Fixed Assets
Premises 75000Delivery Van 25000100000
Intangible Assets
Goodwill 40000
Total Fixed Assets140000Current Assets
Stock 67000Debtors 53000Cash 33000153000
Current Liabilities
Creditors 16500
Working Capital136500Long Term Liabilities
Bank Loan 57000
219500
Financed by:Capital at start 150000add net profit 69500
219500NET ASSETS (Fixed assets +working capital - long termliabilities)
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...