XSIQ
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Accounting - The balance sheet example

The balance sheet example

Balance sheet as at 31 May

CURRENT ASSETS
£
£
£

Bank

2 600

Petty cash

100

Prepaid advertising

500

Accrued rent

600

Stock of supplies

200

Debtors

6 100

Stock
31 May
4 200

14 300

NON-CURRENT ASSETS

Equipment
10 000

- Accumulated depreciation of equipment

2 200

7 800

Motor vehicles
8 000

- Accumulated depreciation of motor vehicles

1 800

6 200

14 000

TOTAL ASSETS

28 300

EQUITIES

CURRENT LIABILITES

Creditors

3 400

Accrued salaries

300

Prepaid rent

200

Loan

4 000

7 900

NON-CURRENT LIABILITIES

Loan

16 000

OWNERS EQUITY

Capital

10 000

+ Net profit

300

10 300

- Drawings

4 900

5 400

TOTAL EQUITIES

29 300

The above reports are not fully inclusive.

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