OCR Level 3
Cambridge Technicals
in Business
Unit 4: Business Accounting
Layout of a Balance Sheet
Balance sheet
The balance sheet shows the financial state of
the business at any one moment in time.
It lists the assets and
liabilities at a particular
date, but unlike the profit
and loss account is not
part of the double entry
bookkeeping system.
Balance sheet
The balance sheet is an ‘as at’ statement and is
therefore correct only for that moment in time.
For example:
Name of Business
Balance sheet as at 31st December 2013
The following slides show the correct
layout of the balance sheet.
Layout
Balance Sheet of Brown & Co
As at 31st December 2013
£
Fixed Assets
Premises
Vehicles
£
80,000
10,000
90,000
Layout
£
Current Assets
Closing Stock
4,000
Debtors
3,000
Bank 5,000
Cash
12,100
£
100
Layout
£
£
Current Liabilities
Creditors
(6,100)
Net Current Assets/Working Capital
Net current assets are then added
to fixed assets
6,000
96,000
Layout
£
Less Long Term Liabilities
Loan
Net Assets
£
96,000
(6,000)
90,000
Layout
£
Financed by:
Owner’s Capital
Add Net Profit
Less drawings
Equity
£
80,000
26,000
106,000
(16,000)
90,000
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