Balance sheet

1
Balance sheet

• What is a balance sheet
• Whats on a balance sheet

2
Balance Sheet

• A financial document which shows a businesses
  assets and liabilities
• Shows wealth or value of the company at a
  particular time

3
BALANCE SHEETS
4
Presentations

• Purpose of a balance sheet
• Fixed Assets
• Tangible assets
• Intangible assets
• Current assets
• Current liabilities
• Net current assets or working capital
• Long term liabilities
• Share capital
• Retained profit

5
Balance sheet activities

• Complete the balance sheet
• Stick it into your book
• Blacks Leisure Group case study page 162
• Extension questions
• What is the difference between the balance sheet
  of a company a sole trader or partnership?
• Describe how a business might use its retained
  profit or reserves.

6
Homework

• Complete the worksheet for next lesson