Balance Sheet Flashcards by nahan m | Brainscape

Q

What is balance sheet?

A

A statement that shows what a company has and what they are owing to other companies.

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Q

Examples of Fixed assets.

A

Building, Machinery, Motor vehicle e.t.c

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Q

Examples of liabilities.

A

Creditors, Bank loan, Overdraft.

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Q

Examples of current assets.

A

Stock, Debtors, Cash

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Q

What is capital

A

Capital is income basically.

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Q

What is capital

A

Capital is income basically.

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