assets
DESCRIPTION
Assets. These are items of value belonging to a business, e g Premises, Stock, Debtors, Bank. Assets £36,000. Liabilities. These are amounts which the company owes, eg a Bank Overdraft, money owed to Creditors. 9000. Capital. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Assets](https://reader036.vdocuments.us/reader036/viewer/2022083006/56813f71550346895daa5459/html5/thumbnails/1.jpg)
Assets
• These are items of value belonging to a business, e g Premises, Stock, Debtors, Bank
Assets
£36,000
![Page 2: Assets](https://reader036.vdocuments.us/reader036/viewer/2022083006/56813f71550346895daa5459/html5/thumbnails/2.jpg)
Liabilities
• These are amounts which the company owes, eg a Bank Overdraft, money owed to Creditors
9000
![Page 3: Assets](https://reader036.vdocuments.us/reader036/viewer/2022083006/56813f71550346895daa5459/html5/thumbnails/3.jpg)
Capital
• This is money invested by the owner or shareholders in the business
27000
![Page 4: Assets](https://reader036.vdocuments.us/reader036/viewer/2022083006/56813f71550346895daa5459/html5/thumbnails/4.jpg)
• Assets minus Liabilities equals Capital
• This means that 36,000 minus 9,000 equals 27,000
36,000
9,000
27,000