balance sheets

Gold99Star
Mind Map by Gold99Star, updated more than 1 year ago
Gold99Star
Created by Gold99Star over 5 years ago
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get rich quick

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balance sheets
1 Current assets - current assets are what the business owns for less than a year this includes products.
1.1 e.g. products, money
2 Fixed assets – these are what the business owns for over a year.
2.1 e.g. buildings cars
3 Long term Liabilities – long term liabilities don't have to be paid before a year.
3.1 e.g. loans, deferred tax, liabilities
4 Working Capital - the capital of a business which is used in its day-to-day trading operations, calculated as the current assets - current liabilities
5 Net Assets - In finance, net assets refers to the value of a company's assets minus its liabilities. For individuals, the concept is the same as net worth. Net assets = Total assets - Total liabilities
5.1 how much the business is worth (net worth
6 Capital Employed – fixed assets plus current assets minus current liabilities. Capital employed is the value of the assets that contribute to a company’s ability to generate revenue. It is how much they need to use a day.
6.1 Fixed assets plus current assets minus current liabilities
7 deptors are owed money by the business
8 Owes – money to creditors and the bank.
9 Owes to the investors and owners of the business (they own the profit).
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