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  • Layout of The Balance Sheet

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    yuvita prasad
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    The document describes the horizontal and vertical layouts of Bumble's General Store balance sheet as of August 1, 2020. The horizontal layout lists assets on the left, capital and liabilities on the right, with subtotals for non-current assets, current assets, and current liabilities. The vertical layout lists each line item individually with assets at the top, liabilities in the middle, and capital at the bottom, showing the working capital and totals. Both layouts show total assets of $32,800 financed by capital of $28,000 and a bank loan of $4,000.

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    Layout of the Balance sheet

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    The document describes the horizontal and vertical layouts of Bumble's General Store balance sheet as of August 1, 2020. The horizontal layout lists assets on the left, capital and liabilities on the right, with subtotals for non-current assets, current assets, and current liabilities. The vertical layout lists each line item individually with assets at the top, liabilities in the middle, and capital at the bottom, showing the working capital and totals. Both layouts show total assets of $32,800 financed by capital of $28,000 and a bank loan of $4,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views1 page

    Layout of The Balance Sheet

    Uploaded by

    yuvita prasad
    The document describes the horizontal and vertical layouts of Bumble's General Store balance sheet as of August 1, 2020. The horizontal layout lists assets on the left, capital and liabilities on the right, with subtotals for non-current assets, current assets, and current liabilities. The vertical layout lists each line item individually with assets at the top, liabilities in the middle, and capital at the bottom, showing the working capital and totals. Both layouts show total assets of $32,800 financed by capital of $28,000 and a bank loan of $4,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Horizontal Layout of the Balance sheet

    Bumble's General Store


    Balance Sheet as at 1 August 2020
      $ $   $ $
    Non-current assets   Capital   28000
    2400
    Shop premises 0      
    Fittings and fixtures 3000 Non-current liabilities    
    Delivery vehicle 2400 Bank loan   4000
        29400      
    Current assets   Current liabilities    
    Inventory 1800 Trade payables   800
    Trade receivables 400      
    Cash at Bank 1000      
    Cash in hand 200      
        3400      
        32800     32800

    Vertical layout of the Balance Sheet

    Bumble's General Store


    Balance Sheet as at 1 August 2020
      $ $
    Non-current assets    
    Shop premises   24000
    Fittings and fixtures   3000
    Delivery vehicle   2400
        29400
    Current assets    
    Inventory 1800  
    Trade receivables 400  
    Cash at Bank 1000  
    Cash in hand 200  
      3400  
    Less: Current liabilities  
    Trade payables -800  
    Working Capital   2600
        32000
    Financed by:-    
    Non-current liabilities   4000
    Bank loan    
    Capital   28000
        32000

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