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    Building 25,000 Machinery 1,000 Van 450 26,450 Cash 200 Stock 600 Debtor 900 1,700 Overdraft 1,000 Creditor 350 1,350 350 26,800

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    Matt William
    Mike's Office Supplies has fixed assets including a building worth £25,000 and machinery worth £1,000. It has current assets of £1,700 including £200 in cash and £600 in stock. Current liabilities are £1,350 including an overdraft of £1,000. Working capital is £350 and net assets total £26,800, financed by the owner's capital and retained profit of £6,800 and a £20,000 mortgage on the building.

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    Building 25,000 Machinery 1,000 Van 450 26,450 Cash 200 Stock 600 Debtor 900 1,700 Overdraft 1,000 Creditor 350 1,350 350 26,800

    Uploaded by

    Matt William
    19 views1 page
    Mike's Office Supplies has fixed assets including a building worth £25,000 and machinery worth £1,000. It has current assets of £1,700 including £200 in cash and £600 in stock. Current liabilities are £1,350 including an overdraft of £1,000. Working capital is £350 and net assets total £26,800, financed by the owner's capital and retained profit of £6,800 and a £20,000 mortgage on the building.

    Original Title

    Balance Sheet.xlsx

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    Mike's Office Supplies has fixed assets including a building worth £25,000 and machinery worth £1,000. It has current assets of £1,700 including £200 in cash and £600 in stock. Current liabilities are £1,350 including an overdraft of £1,000. Working capital is £350 and net assets total £26,800, financed by the owner's capital and retained profit of £6,800 and a £20,000 mortgage on the building.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    19 views1 page

    Building 25,000 Machinery 1,000 Van 450 26,450 Cash 200 Stock 600 Debtor 900 1,700 Overdraft 1,000 Creditor 350 1,350 350 26,800

    Uploaded by

    Matt William
    Mike's Office Supplies has fixed assets including a building worth £25,000 and machinery worth £1,000. It has current assets of £1,700 including £200 in cash and £600 in stock. Current liabilities are £1,350 including an overdraft of £1,000. Working capital is £350 and net assets total £26,800, financed by the owner's capital and retained profit of £6,800 and a £20,000 mortgage on the building.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Mike's Office Supplies

    Fixed Assets
    Building
    Machinery
    Van
    Current Assets
    Cash
    Stock
    Debtor
    Current Liabilities
    Overdraft
    Creditor

    25,000
    1,000
    450
    26,450
    200
    600
    900
    1,700
    1,000
    350
    1,350

    Working Capital

    350

    Net Assets

    26,800

    Financed By
    Owners Capital
    Retained Profit
    Long Term Liability
    Mortgage
    Capital Employed

    6,600
    200
    6,800
    20,000
    20,000
    26,800

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