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Global Documents

An example of a balance sheet as at a specific date (a simplified version)
Land
10 000
Owner's capital
85 000
Buildings
70 000
(plus) accumulated profits after tax
47 002 **
Vehicles
5 000
Total owner's worth or equity
132 002
Less: Depreciation (10%)
500
4 500
Machinery and equipment
10 000
Less: Depreciation (10%)
1 000
9 000
Fixtures and fittings
5 000
Long term loan (Business Partners)
15 770
Less: Depreciation (10%)
500
4 500
Total fixed assets
98 000
Total long term liabilities
147 772
CURRENT ASSETS
CURRENT LIABILITIES
Stock
10 000
Creditors
4 800
Debtors
15 000
Taxation
0
Cash at bank
29 572 *
Total current liabilities
4 800
Total current assets
54 572
TOTAL ASSETS
152 572 ***
TOTAL LIABILITIES
152 572 ***
* See cash flow for tie-up
** See Income Statement for tie-up
*** Equals
