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Unit 5- Business Accounting P4

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This is the third assignment for Unit 5- Business Accounting. I achieved a DISTINCTION in this assignment and an overall grade of D*D*D* (highest grade possible) Please DO NOT copy, but please use it as a guide as it will help you pass. Good Luck with your course!

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Document information

  • June 27, 2020
  • 4
  • 2016/2017
  • Answers
  • Unknown

Subjects

  • btec level 3 business 90 credit diploma

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jayh34ly

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P4
Bob’s Sports Bar

You have been a really good help in
completing Bob’s Profit and Loss
Accounts. Bob is still in dire need of
your help. He needs you to complete
his balance sheet for the year as he
has no idea where to begin

Using your knowledge of balance
sheets, let’s help Bob complete his
Bob has the following: balance sheet.


Fixed assets: Use this information to
 Premises = £34,500 fill in the missing
 Fixtures and fittings = £5,000
 Vehicles =£2000 numbers on the balance
Current assets: sheet.
 Stock = £35,000
 Debtors = £1,000
 Bank = £3,000
 Cash = £1,000

Current liabilities:

 Creditors = £5,000
 Overdraft = £2,000

Bob’s business is financed by the following:

Long term liabilities:
Bank loan = £4,000
Mortgage = £7,706

Capital and reserves:
Capital = £19,000
Retained Profit = £35,494


Bob’s Sports Bar Balance Sheet 30th April

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