BALANCE SHEET Flashcards
1
Q
ORDER OF DIFF CATEGORIES
A
FIXED ASSETS
CURRENT ASSETS
CURRENT LIABILITIES
LONG TERM LIABILITIES
EQUITY
2
Q
CONTENTS OF FIXED ASSETS
A
FIXED ASSETS
ACCUMULATION DEPRECIATION
NET FIXED ASSETS
3
Q
CONTENTS OF CURRENT ASSETS
A
CASH
DEBTORS
STOCK
TOTAL CURRENT ASSETS
4
Q
CONTENTS OF CURRENT LIABILITIES
A
OVERDRAFT
CREDITORS
SHORT TERM LOANS
TOTAL CURRENT LIABILITIES
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
5
Q
LONG TERM LIABILITIES (DEBT)
A
NET ASSETS
SHARE CAPITAL
RETAINED PROFIT
