Downloaded 19 times
Uploaded bySwati Rathor
Balance sheet format
This document provides a sample balance sheet format for XYZ Ltd as of December 31, 2007, including details of fixed assets, current assets, current liabilities, working capital, net assets, and how capital is employed including shareholders' funds and long term liabilities. It also notes that net assets should equal capital employed.
Balance sheet format
- 1. IGCSE BUSINESS STUDIES This handout has been downloaded from www.dineshbakshi.com Revision notes, crosswords, quizzes, flash games for IGCSE Business Studies, Economics and Accounting. Balance Sheet Format Balance sheetof XYZ Ltd as on 31st December 2007 Particulars Details ($) Amount ($) Fixed assets (A) Land and Building XX Machinery XX XX Current assets Stocks XX Debtors XX Cash XX Less Current Liabilities Creditors XX Bank Overdraft XX Short term loans XX Working Capital (Net current assets)(B) XX Net assets (A+B) XX Financed by: Shareholders’ funds Share capital XX Profit and Loss Account reserves XX Long term liabilities Longer term Bank loan XX Capital employed XX Note: Net assets should be equal to Capital employed