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  • Statement of Financial Position/ Balance Sheet Format For A Sole Trader

    Diunggah oleh

    Nayaz Emamaullee
    15K tayangan1 halaman
    This balance sheet provides the format and accounts for a sole trader business. It lists non-current assets such as land, buildings, fixtures, equipment, and vehicles with their costs, depreciation, and net book values. Current assets include inventory, receivables, prepayments, and cash. Current liabilities are accounts payable. Net current assets are calculated as working capital. Non-current liabilities include loans. Equity is owners' capital from prior years plus current profit/loss, less any drawings taken by the owner.

    Deskripsi Asli:

    The format of a balance sheet for a sole trader. Figures have been put to enable readers understand what is added and what is deducted. Visit https://www.accountsfun.com to learn more on o level accounting.

    Judul Asli

    Statement of financial position/ Balance Sheet format for a sole trader

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    © Attribution Non-Commercial (BY-NC)

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    XLSX, PDF, TXT atau baca online dari Scribd

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    This balance sheet provides the format and accounts for a sole trader business. It lists non-current assets such as land, buildings, fixtures, equipment, and vehicles with their costs, depreciation, and net book values. Current assets include inventory, receivables, prepayments, and cash. Current liabilities are accounts payable. Net current assets are calculated as working capital. Non-current liabilities include loans. Equity is owners' capital from prior years plus current profit/loss, less any drawings taken by the owner.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai XLSX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    15K tayangan1 halaman

    Statement of Financial Position/ Balance Sheet Format For A Sole Trader

    Diunggah oleh

    Nayaz Emamaullee
    This balance sheet provides the format and accounts for a sole trader business. It lists non-current assets such as land, buildings, fixtures, equipment, and vehicles with their costs, depreciation, and net book values. Current assets include inventory, receivables, prepayments, and cash. Current liabilities are accounts payable. Net current assets are calculated as working capital. Non-current liabilities include loans. Equity is owners' capital from prior years plus current profit/loss, less any drawings taken by the owner.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai XLSX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 1

    Balance Sheet Format for a Sole Trader

    Aggregate
    Depreciati Net Book
    Non-current (Fixed) assets Cost on Value
    $ $ $
    Land and buildings 200 000 25 000 175 000
    Fixtures and fittings 25 000 7 500 17 500
    Office equipment 12 000 2 400 9 600
    Motor vehicles 52 000 10 400 41 600
    289 000 45 300 243 700
    Current assets    
    Inventory (Stock) 18 900
    Trade receivables (Debtors) 7 500
    Less Provision for doubtful debts 236 7 264
    Other receivables (Prepayments) 1 236
    Other receivables (Accrued income) 150
    Cash equivalents (Bank) 2 550
    Cash 890
    30 990
    Less: Current liabilities    
    Trade payables (Creditors) 5 960
    Other payables (Accruals) 240
    Prepaid income 250 6 450
         Net current assets (Working capital) 24 540
    268 240
    Less: Non-current liabilities (Long term liabilities)    
    Loan 50 000
    218 240
    Financed by    
    Equity (Capital)    
    Opening balance 200 000
    Add Profit for the year (Net profit)/ Less Loss 22 540
    222 540
    Less Drawings 4 300
    218 240

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