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  • Output: Discussing The Balance Sheet

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    Mayela Zaragoza
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    This balance sheet shows assets and liabilities for a company. It lists fixed assets including property worth €50,000 and equipment worth €60,000. Current assets are stock of €4,000, debtors of €5,000 and cash of €2,000. Current liabilities include creditors of €5,000 and an overdraft of €12,000, giving net current liabilities of €6,000. Total assets less current liabilities are €50,000. Long-term liabilities are €14,000. Equity consists of share capital of €30,000 and reserves of €6,000.

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    accountability

    Original Title

    H.W. 3 OUTPUT

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    This balance sheet shows assets and liabilities for a company. It lists fixed assets including property worth €50,000 and equipment worth €60,000. Current assets are stock of €4,000, debtors of €5,000 and cash of €2,000. Current liabilities include creditors of €5,000 and an overdraft of €12,000, giving net current liabilities of €6,000. Total assets less current liabilities are €50,000. Long-term liabilities are €14,000. Equity consists of share capital of €30,000 and reserves of €6,000.

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    10 views1 page

    Output: Discussing The Balance Sheet

    Uploaded by

    Mayela Zaragoza
    This balance sheet shows assets and liabilities for a company. It lists fixed assets including property worth €50,000 and equipment worth €60,000. Current assets are stock of €4,000, debtors of €5,000 and cash of €2,000. Current liabilities include creditors of €5,000 and an overdraft of €12,000, giving net current liabilities of €6,000. Total assets less current liabilities are €50,000. Long-term liabilities are €14,000. Equity consists of share capital of €30,000 and reserves of €6,000.

    Copyright:

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

    OUTPUT: DISCUSSING THE BALANCE SHEET

    Fixed Assets €000


    Property 50
    Equipment
    (75% Of €8000) 6
    56
    Current Assets
    Stock Of Materials 4
    Debtors 5
    Cash 2
    11
    Current Liabilities
    Creditors 5
    Overdraft 12
    (17)
    Net Current Asset (6)
    Total Assets Less Current Liabilities 50
    Long-Term Liabilities 14
    36
    Share capital 30
    Financed By: Reserves 6
    36

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