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Balance sheet

TermDefinition
Land Fixed Asset
Debtors Current Asset
ten year loan Financed by
Buildings Fixed asset
Opening stock P and L only
Capital Employed Final figure of A+B-C=D
Issued share capital Financed by
Closing Profit and loss reserve financed by
Creditors Current liabilities
Authorised share capital NOT USED
Motor vehicles of 500 with 10% depreciation Fixed asset less 10% of 500 (50) Ans= 450
Dvidends P and L % of issued share capital
Creditors current liabilities
Closing stock Current asset
Bank over draft current liabilities only
Created by: crazypeanutguy