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OCR Level 3Cambridge Technicals
in Business
Unit 4: Business Accounting
Layout of a Balance Sheet
Balance sheetBalance sheetThe balance sheet shows the financial state of
the business at any one moment in time.
It lists the assets and liabilities at a particular
date, but unlike the profit and loss account is not part of the double entry bookkeeping system.
Name of Business
Balance sheet as at 31st December 2013
Balance sheetBalance sheetThe balance sheet is an ‘as at’ statement and is therefore correct only for that moment in time.
For example:
The following slides show the correct layout of the balance sheet.
LayoutLayout
Balance Sheet of Brown & Co
As at 31st December 2013
£ £
Fixed Assets
Premises 80,000
Vehicles 10,000
90,000
LayoutLayout£ £
Current Assets
Closing Stock 4,000
Debtors 3,000
Bank 5,000
Cash 100
12,100
LayoutLayout £ £
Current Liabilities
Creditors (6,100)
Net Current Assets/Working Capital 6,000
Net current assets are then added
to fixed assets 96,000
LayoutLayout
£ £
96,000
Less Long Term Liabilities
Loan (6,000)
Net Assets 90,000
LayoutLayout
£ £
Financed by:
Owner’s Capital 80,000
Add Net Profit 26,000
106,000
Less drawings (16,000)
Equity 90,000
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