P4
Bob’s Sports Bar
You have been a really good help in
completing Bob’s Profit and Loss
Accounts. Bob is still in dire need of
your help. He needs you to complete
his balance sheet for the year as he
has no idea where to begin
Using your knowledge of balance
sheets, let’s help Bob complete his
Bob has the following: balance sheet.
Fixed assets: Use this information to
Premises = £34,500 fill in the missing
Fixtures and fittings = £5,000
Vehicles =£2000 numbers on the balance
Current assets: sheet.
Stock = £35,000
Debtors = £1,000
Bank = £3,000
Cash = £1,000
Current liabilities:
Creditors = £5,000
Overdraft = £2,000
Bob’s business is financed by the following:
Long term liabilities:
Bank loan = £4,000
Mortgage = £7,706
Capital and reserves:
Capital = £19,000
Retained Profit = £35,494
Bob’s Sports Bar Balance Sheet 30th April
Bob’s Sports Bar
You have been a really good help in
completing Bob’s Profit and Loss
Accounts. Bob is still in dire need of
your help. He needs you to complete
his balance sheet for the year as he
has no idea where to begin
Using your knowledge of balance
sheets, let’s help Bob complete his
Bob has the following: balance sheet.
Fixed assets: Use this information to
Premises = £34,500 fill in the missing
Fixtures and fittings = £5,000
Vehicles =£2000 numbers on the balance
Current assets: sheet.
Stock = £35,000
Debtors = £1,000
Bank = £3,000
Cash = £1,000
Current liabilities:
Creditors = £5,000
Overdraft = £2,000
Bob’s business is financed by the following:
Long term liabilities:
Bank loan = £4,000
Mortgage = £7,706
Capital and reserves:
Capital = £19,000
Retained Profit = £35,494
Bob’s Sports Bar Balance Sheet 30th April
