Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash...
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• Balance sheet as at 01/04/11 • $000 $000 $000 • Fixed assets 500 • Current assets: •Stock 50 •Debtors 150 •Cash 100 • 300
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Transcript of Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash...
![Page 1: Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash 100 300.](https://reader036.fdocuments.in/reader036/viewer/2022082612/56649ea35503460f94ba7444/html5/thumbnails/1.jpg)
• Balance sheet as at 01/04/11 • $000 $000 $000• Fixed assets 500• Current assets: • Stock 50• Debtors 150• Cash 100• 300
![Page 2: Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash 100 300.](https://reader036.fdocuments.in/reader036/viewer/2022082612/56649ea35503460f94ba7444/html5/thumbnails/2.jpg)
• Less current liabilities:• Creditors 140• Bank overdraft 20 160• Working capital or – net current asset [300-160]
140• Net assets 640
![Page 3: Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash 100 300.](https://reader036.fdocuments.in/reader036/viewer/2022082612/56649ea35503460f94ba7444/html5/thumbnails/3.jpg)
• Represented by:• Shareholders’ fund• (owners’ equity) • Share capital 250• Reserves: • retained profit 190
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![Page 4: Balance sheet as at 01/04/11 $000$000$000 Fixed assets 500 Current assets: Stock 50 Debtors 150 Cash 100 300.](https://reader036.fdocuments.in/reader036/viewer/2022082612/56649ea35503460f94ba7444/html5/thumbnails/4.jpg)
• Long term liabilities:• Debentures 150• Bank loan 50 200• Capital employed 640• • Net Assets = Capital employed: the two parts
MUST always balance. • Remember, a balance sheet shows what a company
owns (assets), what it owes (liabilities) and where the company got its money (capital) from at a given date.
•