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Balance Sheet Marc Brothers

$ $
Fixed assets
Property 630
Machinery and vehicles 230
Accumulated depreciation (144)
Net fixed assets 716

Current Assets
Cash 12
Debtor 16
Stocks 30
Total Current assets 58

Current Liabilities
Overdraft 13
Total current liabilities 13
Net current assets 45
Total assets - current 761
liabilities

Less Long-term liabilities


Loan capital 380
Total Less Long-term 380
liabilities
Net assets 381

Financed by
Shared capital 300
Retained profits 81
Equity 381
Zawanda Electronics Ltd 31 December 2014
$ $
Fixed Asset
Fixed Asset 250
Net fixed asset 250

Current asset
Cash 25
Debtor 70
Stock 100
Total current asset 195

Current Liabilities
Overdraft 20
Creditor 50
Total current liabilities 70

Net current asset 125


Total Asset – Current 375
liabilities

Long term liabilities


Long term liabilities 50
Debentures 50
Total long term liabilities 100

Net asset 275

Share capital 200


Retained profit 75
Equity 275
Zawanda Electronics Ltd 31 December 2013
$ $
Fixed Asset
Fixed Asset 250
Net fixed asset 250

Current asset
Cash 20
Debtor 50
Stock 95
Total current asset 165

Current Liabilities
Overdraft 10
Creditor 50
Total current liabilities 60

Net current asset 105


Total Asset – Current 355
liabilities

Long term liabilities


Long term liabilities 80
Debentures 50
Total long term liabilities 130

Net asset 225

Share capital 150


Retained profit 75
Equity 225
$ $
Fixed Asset
Fixed Asset 2600
Net fixed asset 2600

Current asset
Cash 176
Debtor 674
Stock 320
Total current asset 1170

Current Liabilities
Creditors 230
Short term borrowing 270
Total current liabilities 500

Net current asset 670


Total Asset – Current 3270
liabilities

Financed by:
Share capital 300
Retained profit 970
Loan capital 2000 (3770 - $1770)
Equity 3270

$ $
Fixed Asset
Fixed Asset
Net fixed asset

Current asset
Cash
Debtor
Stock
Total current asset

Current Liabilities
Overdraft
Creditor
Total current liabilities
Net current asset
Total Asset – Current
liabilities

Long term liabilities


Long term liabilities
Debentures
Total long term liabilities

Net asset

Share capital
Retained profit
Equity

$ $
Fixed Asset
Fixed Asset
Net fixed asset

Current asset
Cash
Debtor
Stock
Total current asset

Current Liabilities
Overdraft
Creditor
Total current liabilities

Net current asset


Total Asset – Current
liabilities

Long term liabilities


Long term liabilities
Debentures
Total long term liabilities

Net asset

Share capital
Retained profit
Equity

$ $
Fixed Asset
Fixed Asset
Net fixed asset

Current asset
Cash
Debtor
Stock
Total current asset

Current Liabilities
Overdraft
Creditor
Total current liabilities

Net current asset


Total Asset – Current
liabilities

Long term liabilities


Long term liabilities
Debentures
Total long term liabilities

Net asset

Share capital
Retained profit
Equity

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