 |
Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
|
| View previous topic :: View next topic |
| Author |
Message |
zimna basia
Joined: 25 Sep 2008
Posts: 1
|
| Posted: Thu Sep 25, 2008 8:24 am Post subject: balance sheet - help me please |
|
|
what's wrong with this?
Assets
Current Assets
Bank 46,357.03
WBEC - Bingo 599
WBEC - Parent fees 3,243
Total Current Assets 50,198
Inventory Assets
Arts & Crafts, Ed. Materials 300
Total Inventory Assets 300
Capital Assets
Office, Furniture & Equipment 46,156
Accum Depreciation O,F&E 41,181
Net O,F & E 4,975
Building 377,087
Accum Depreciation Building 118,204
Net Building 258,883
Total Capital Assets 263,858
Total Assets 314,356
Liabilities and Equity
Current Liabilities
Receiver General 38,476
Total Liabilities 38,476
Equity 302,481
Net Profit (26,601)
Total 275,880
Liabilities and Equity 314,356 |
|
| Back to top |
|
Des
Joined: 20 Sep 2008
Posts: 7
|
| Posted: Thu Sep 25, 2008 5:53 pm Post subject: |
|
|
Just depends on what you're trying to do.. I'm not completely familiar with the way the Balance Sheet is stated. Your Assets = Liabilities + Equity..
I don't see a need for Net profit however on a balance sheet. fees... uhh i dont know.
I have little experience with small business statements, they might be different. |
|
| Back to top |
|
TonyDent84
Joined: 13 Jun 2008
Posts: 39
|
| Posted: Tue Sep 30, 2008 3:19 am Post subject: Re: balance sheet - help me please |
|
|
| Net profit is supposed to be there; it adds to owners' equity |
|
| Back to top |
|
zd1122
Joined: 09 Oct 2008
Posts: 1
|
| Posted: Thu Oct 09, 2008 8:12 pm Post subject: Reply to Zimna Basia |
|
|
Czesc,
Dla mnie to wyglada dobrze. Czy ktos powiedzial, ze nie? Jesli tak, to prawdopodobnie chodzi o nazewnictwo poszczegolnych kategorii. Chyba powinno to wygladac troche bardziej jak standardowy balance sheet. Napisz o co konktetnie chodzi. |
|
| Back to top |
|
Web Shepherd
Joined: 10 Sep 2008
Posts: 8
|
| Posted: Thu Oct 30, 2008 4:28 pm Post subject: |
|
|
| Yes, adding Net Profit to equity should fix it. |
|
| Back to top |
|
| |
|