1.

Balance sheet- Assets, Equity, Liabilities

Example 1, Task 1 Identify the category on the Balance sheet, in which each of these items is
located. Tick the correct box.
Long-term asset Short- term
Balance sheet item (non-current) asset (current) Equity Liabilities
Bank account        
Bank loan        
Material        
Customers        
Poultry        
Buildings        
Securities        
Suppliers        
Profit/loss        
Stamps        
Employees        
Unfinished products        
Horses        
Registered capital        
Vehicles        
Land        
Retained earnings        
Cash        
Incorporation expenses        
Other receivables        
Animals        
Shares in controlled units        
Legal reserve fund        
Unpaid income tax        
Software        
Valuable rights        
Breeding animals        
Provisions        
Trade payables        
Perennial crops        
Merchandise        
Fuels        
Equipment        
Valuables        
Trade receivables        
Goods        
Cans, barrels        
Accumulated losses        
Machines        
Debtors        
Investments        
Creditors        
Shares in affiliated
undertakings        
Participation interests        
Licences        
Other reserves        
Share premium        
Computers        
Vouchers        
Inventory        
Finished goods        
Trade marks        
Unpaid social security        
Example 2
Complete the Balance sheet with the items below. Calculate total assets and total
liabilities. Calculate the amount of Capital and own Equity.

Buildings 1200, breeding animals 45, software 70, suppliers 150, stamps 2, legal reserve fund
200, horses 85, vineyard 100, employees 20, land 300, bank account 500, customers 25, bank
loan 35, raw materials 30, young animals 40, cows 55, unfinished products 15, cash 10, spare
parts 50, poultry 5, unpaid income tax 60, other capital funds 90, machinery 105, vehicles
250, computer 70

Balance sheet

1. Long - term Assets   1. Equity  

Intangible   Capital  
       
       
Tangible      
       
       
       
    Funds  
       
       
       
       
    P/L  
Financial      
2. Short-term Assets   2. Liabilities  
Inventory      
       
       
       
       
       
Receivables      
       
Short-term financial Assets      
       
       
       
TOTAL ASSETS   TOTAL E + L  

Example 3
Task: Classify the following items. Complete the Balance sheet. Calculate the amount of
Capital.

Balance sheet items Amount Classification

Software 100  Asset, intangible assets
Current receivables to customers 150  
Equipment 200  
Vehicles 15  
Share premium 50  
Merchandise 100  
Long-term receivables to customers 50  
Long-term bank loan 300  
Cash and bank accounts 200  
Current liabilities to suppliers 100  
Reserve fund 150  
Profit 120  
Long-term liabilities to suppliers 30  
Provisions 20  
Prepayments 20  
Current bank loan 50  
Buildings 800  
Valuable rights 150  
Material 200  
Retained earnings 100  
Long-term securities 50  
Incorporation expenses 100  
Young animals 50
Shares in controlled units 200

Horizontal format of Balance sheet (simplified)

A. Subscribed capital
unpaid   A. Capital and reserves  
  I. Subscribed capital
C. Fixed assets   II. Share premium account
I. Intangible assets IV. Reserves
II. Tangible assets V. Profit or loss brought forward
III. Financial assets VI. Profit or loss for the financial year
D. Current assets Liabilities
I. Inventory B. Provisions
II. Debtors C. Creditors (liabilities)
trade debtors - long term Loans - long term
trade debtors - current Trade creditors – long term
III. Investments Loans - current
IV. Cash, bank account Trade creditors - current
E. Accruals D. Accruals and deferred income
Total Assets Total Equity and Liabilities