Balance sheet format IGCSE

1. IGCSE BUSINESS STUDIES
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Revision notes, crosswords, quizzes, flash games for IGCSE Business Studies,
Economics and Accounting.
Balance Sheet Format
Balance sheet of 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