Sheet1
Balance Sheet
£ £
Fixed Assets 105,000
less depreciation 10,500
94,500
Current Assets
Stock 12,000
Debtors 41,000
Cash 17,160
70,160
Current liabilities
Creditors 15,500
Dividends 40,000
55,500
Working Capital 14,660 Working capital = current assests - current liabilit
Long-term liabilities
Loan 8,800
Net Assets 100,360 net assets = fixed assets + current assets - (curren
Financed by:
Owners Capital 25,000
Loan 8,000
Retained profit 67,360
Capital employed 100,360
Balance Sheet
£ £
Fixed Assets 105,000
less depreciation 10,500
94,500
Current Assets
Stock 12,000
Debtors 41,000
Cash 17,160
70,160
Current liabilities
Creditors 15,500
Dividends 40,000
55,500
Working Capital 14,660 Working capital = current assests - current liabilit
Long-term liabilities
Loan 8,800
Net Assets 100,360 net assets = fixed assets + current assets - (curren
Financed by:
Owners Capital 25,000
Loan 8,000
Retained profit 67,360
Capital employed 100,360