The Statement Of Financial Position (Balane Sheets) Flashcards
1
Q
Total fixed assets Calc
A
Sum of all fixed assets added togeather= total fixed assets
High as possible
2
Q
Total current assets calc
A
Sum of all current assets added togeather
3
Q
Net Current assets calc
A
Current assets-current liabilities
Aka working capital
4
Q
Current liabilities calc
A
Sum of all current liabilities added together
Negative figures appear in brackets
5
Q
Capital employed
A
Total assets-current liabilities
Is also known as capital employed
High as possible
6
Q
Closing balance
A
Opening balance+net cash flow
7
Q
Net Cash flow calc
A
Total inflows-total outflows.
