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    Balance Sheet Poster

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    Veronika Raicheva
    Company X's statement of financial position shows total assets of $155, total liabilities of $56, and total equity of $99 as of December 31st. Assets include $40 in non-current assets like property and equipment and $115 in current assets like cash, debtors, and stock. Liabilities include $26 in current liabilities such as overdraft and creditors, and $30 in non-current borrowings. Equity consists of $99 in retained earnings. The statement shows that the company's net assets equal its total equity.

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    Balance Sheet Poster

    Uploaded by

    Veronika Raicheva
    46 views2 pages
    Company X's statement of financial position shows total assets of $155, total liabilities of $56, and total equity of $99 as of December 31st. Assets include $40 in non-current assets like property and equipment and $115 in current assets like cash, debtors, and stock. Liabilities include $26 in current liabilities such as overdraft and creditors, and $30 in non-current borrowings. Equity consists of $99 in retained earnings. The statement shows that the company's net assets equal its total equity.

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    IB business management poster for balance sheet

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    Company X's statement of financial position shows total assets of $155, total liabilities of $56, and total equity of $99 as of December 31st. Assets include $40 in non-current assets like property and equipment and $115 in current assets like cash, debtors, and stock. Liabilities include $26 in current liabilities such as overdraft and creditors, and $30 in non-current borrowings. Equity consists of $99 in retained earnings. The statement shows that the company's net assets equal its total equity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views2 pages

    Balance Sheet Poster

    Uploaded by

    Veronika Raicheva
    Company X's statement of financial position shows total assets of $155, total liabilities of $56, and total equity of $99 as of December 31st. Assets include $40 in non-current assets like property and equipment and $115 in current assets like cash, debtors, and stock. Liabilities include $26 in current liabilities such as overdraft and creditors, and $30 in non-current borrowings. Equity consists of $99 in retained earnings. The statement shows that the company's net assets equal its total equity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Company X (profit making entity) Assets = liabilities+equity

    Statement of Financial Position


    Liabilities
    as at 31st Dec 20XX Assets Equity

    Non-current assets
    1 property, plant and equipment 50
    2 accumulated depreciation (10)
    3 non-current assets (1 - 2) 40

    Current assets
    4 cash 80
    5 debtors (invoices of customers) 20
    6 stock 15
    7 current assets (4+5+6) 115
    8 Total assets (3+7) 155
    Current liabilities
    9 bank overdraft (withdrawal in excess) 3
    10 trade creditors (invoices to pay to suppliers ) 18
    11 other short term loans (< =12months) 5
    12 current liabilities (9+10+11) 26

    Non-current liabilities(debt)
    13 borrowings- long term > 12 months 30
    14 non current liabilities 30
    15 Total liabilities (12+14) 56
    16 Net assets (3+7-12-14)=8-15 99

    Equity
    17 share capital (original capital invested) 66
    18 retained earnings (reserves,
    money to be reinvested in the business) 33
    19 Total Equity (17+18) 16=19 99

    Net Assets = Equity


    Company X (Non- profit entity) Assets = liabilities+equity
    Statement of Financial Position
    Liabilities
    as at 31st Dec 20XX Assets Equity

    Non-current assets
    1 property, plant and equipment 50
    2 accumulated depreciation (10)
    3 non-current assets (1 - 2) 40

    Current assets
    4 cash 80
    5 debtors (invoices of customers) 20
    6 stock 15
    7 current assets (4+5+6) 115
    8 Total assets (3+7) 155
    Current liabilities
    9 bank overdraft (withdrawal in excess) 3
    10 trade creditors (invoices to pay to suppliers ) 18
    11 other short term loans (< =12months) 5
    12 current liabilities (9+10+11) 26
    Non-current liabilities (debt)
    13 borrowings- long term > 12 months 30
    14 non current liabilities 30
    15 Total liabilities (12+14) 56
    16 Net assets (3+7-12-14)=8-15 99

    Equity
    17 retained earnings 99

    19 Total Equity (17) 16=17 99

    Net Assets = Equity

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