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  • Statement of Financial Position

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    This statement of financial position provides an accounting of a company's assets, liabilities, and owner's equity as of a specific date. It lists current assets like cash, accounts receivable, inventory, and prepaid expenses as well as non-current assets like land, buildings, equipment, and furniture. Current and non-current liabilities are also specified, including accounts payable, loans, interest, and taxes. Owner's equity in the form of capital is noted.

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    This statement of financial position provides an accounting of a company's assets, liabilities, and owner's equity as of a specific date. It lists current assets like cash, accounts receivable, inventory, and prepaid expenses as well as non-current assets like land, buildings, equipment, and furniture. Current and non-current liabilities are also specified, including accounts payable, loans, interest, and taxes. Owner's equity in the form of capital is noted.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views2 pages

    Statement of Financial Position

    Uploaded by

    Shann -
    This statement of financial position provides an accounting of a company's assets, liabilities, and owner's equity as of a specific date. It lists current assets like cash, accounts receivable, inventory, and prepaid expenses as well as non-current assets like land, buildings, equipment, and furniture. Current and non-current liabilities are also specified, including accounts payable, loans, interest, and taxes. Owner's equity in the form of capital is noted.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    STATEMENT OF FINANCIAL POSITION

    Service and Merchandising Business

    COMPANY NAME

    STATEMENT OF FINANCIAL POSITION

    AS OF (DATE)

    ASSETS

    Current Assets

    Cash in Bank
    Cash on Hand
    Accounts Receivable
    Allowance for Bad Debts
    Notes Receivable
    Accrued Interest Receivable
    Inventories
    Prepaid Expenses
    Office Supplies

    Total Current Assets

    Non-Current Assets

    Land
    Building
    Accumulated Depreciation - Building
    Equipment
    Accumulated Depreciation - Equipment
    Furniture and Fixtures

    Total Non-Current Assets

    TOTAL ASSETS

    LIABILITIES AND OWNER’S EQUITY

    Current Liabilities
    STATEMENT OF FINANCIAL POSITION

    Accounts Payable
    Loans Payable
    Notes Payable
    Accrued Interest Payable
    Utilities Payable
    Other Payables (Withholding Tax)

    Total Current Liabilities

    Non-Current Liabilities

    Loans Payable (if payable beyond a year)


    Mortgage Payable
    Bonds Payable

    Total Non-Current Liabilities

    Owner’s Equity

    Capital

    TOTAL LIABILITIES AND OWNER’S EQUITY

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