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Balance Sheet for Big Tasty Burger

Benz runs a fast food restaurant and food truck. He provides his accountant with financial information to construct a balance sheet, including the value of his assets, cash, stock, loans and profit. The accountant uses this information to calculate totals and sums to complete the balance sheet showing the business' net assets and how they are financed.

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1K views1 page

Balance Sheet for Big Tasty Burger

Benz runs a fast food restaurant and food truck. He provides his accountant with financial information to construct a balance sheet, including the value of his assets, cash, stock, loans and profit. The accountant uses this information to calculate totals and sums to complete the balance sheet showing the business' net assets and how they are financed.

Uploaded by

sdhy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
  • Big Tasty Burger Balance Sheet Task

Benz runs a fast food resturant in Bangkok.

He also owns a mobile burger van, which he


takes to large events at weekends. At the end of the year he has to produce a balance
sheet.

You are going to construct a balance sheet for Big Tasty Burger. Carry out the following
tasks.

(i) Insert the information below in the yellow areas. Key


Inset figure
(ii) Work out the totals in the pink areas
Total
(iii) Do the sums in the green areas Sum

Benz gives you the following information:

1. The shop is valued at £200,000


2. His van is worth £5,000
3. He currently has £8,000 worth of stock
4. He has £25,000 in the bank
5. Benz owes £30,000 to suppliers
6. Benz took out a large bank loan to set up his shop. There is still £190,000 outstanding on the loan.
7. When Benz started his business, he invested £10,000 of his own money into the business.
8. Big Tasty Burger made a net
profit of Balance Sheet for Big Tasty Burger £8,000 this year.
As at 14th October 2010

£ £
Fixed Assets
 Shop Net Current Assets
 Van

Current Assets
 Stock
 Cash

Current Liabilities
 Trade Credit

Net Assets
Net Current Assets

Net Assets
Financed By
Capital and Reserves
 Share Capital
 Retained Profit
 Bank Loan

Capital Employed

ADN 2007

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