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Balance Sheet: One Stop Mini Mart Balance Sheet As at 20 November 2012

The balance sheet shows One Stop Mini Mart had total fixed assets of $1,500 comprising a cash register worth $500 and a motor van worth $1,000. Total current assets were $184,047.50 including stock of $32,000, debtors of $4,200, prepaid rent and rates of $200 and $71,747.50 cash in the bank. Total current liabilities were $4,700 comprising $4,650 creditors and $50 insurance owing. Working capital was $179,347.50 and the business was financed by capital at the start of $181,600 plus net profit of $14,047.50 less drawings of $800 for a total capital at the

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Naomi Huggins
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377 views

Balance Sheet: One Stop Mini Mart Balance Sheet As at 20 November 2012

The balance sheet shows One Stop Mini Mart had total fixed assets of $1,500 comprising a cash register worth $500 and a motor van worth $1,000. Total current assets were $184,047.50 including stock of $32,000, debtors of $4,200, prepaid rent and rates of $200 and $71,747.50 cash in the bank. Total current liabilities were $4,700 comprising $4,650 creditors and $50 insurance owing. Working capital was $179,347.50 and the business was financed by capital at the start of $181,600 plus net profit of $14,047.50 less drawings of $800 for a total capital at the

Uploaded by

Naomi Huggins
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BALANCE SHEET

ONE STOP MINI MART BALANCE SHEET AS AT 20 NOVEMBER 2012


COST FIXED ASSETS Cash Register Motor Van Total Fixed Assets CURRENT ASSETS Stock Debtors Prepaid Rent and Rates Bank Cash Total Current Assets CURRENT LIABILITIES Creditors Insurance owing Total Current Liabilities Working Capital ACCUMULATED DEPRECIATION <0> 1 500 1 500 NET BOOK VALUE 2 000 13 500 15 500

2 000 15 000 17 000

32 000 4 200 200 71 747.50 75 900 184 047.50

4 650 50 <4 700> 179 347.50 194 847.50

FINANCED BY: Capital at start Add: Net Profit Less: Drawings Capital at End

181 600 14 047.50 195 647.50 <800> 194 847.50

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