Scribd
Upload
3K views1 page

Balance Sheet Format For CXC

This balance sheet shows the assets and liabilities of John Island Inc. as of March 31, 2008. It lists fixed assets such as machinery and furniture, current assets including stock, debtors, bank balances and prepayments, and current liabilities like creditors. The balance sheet also shows that net assets are financed by capital at the start plus net profit less drawings, resulting in capital at the end.

Uploaded by

Adie Chiverton
Copyright
© Attribution Non-Commercial (BY-NC)
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
3K views1 page

Balance Sheet Format For CXC

This balance sheet shows the assets and liabilities of John Island Inc. as of March 31, 2008. It lists fixed assets such as machinery and furniture, current assets including stock, debtors, bank balances and prepayments, and current liabilities like creditors. The balance sheet also shows that net assets are financed by capital at the start plus net profit less drawings, resulting in capital at the end.

Uploaded by

Adie Chiverton
Copyright
© Attribution Non-Commercial (BY-NC)
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
You are on page 1/ 1

Balance Sheet Format John Island Inc Balance Sheet As at 31st March 2008 $ Fixed Assets Machinery Less

Accumulated Depreciation Net Value Furniture Total Fixed Assets Current Assets Stock Debtors Less Provision for bad debts Net Value of Debtors Bank Prepayments: Rent Electricity Cash Less Current Liabilities Creditors Working Capital Net Assets Finance by: Capital at start Add Net Profit Less Drawings Capital at end 100,000 220,000 320,000 10,000 310,000 5,000 20,000 310,000 5,000 10,000 5,000 5,000 5,000 3,000 2,000 5,000 25,000 200,000 10,000 190,000 100,000 290,000 $

You might also like