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GCSE Business Studies: Finance Unit 33 Balance Sheets.

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Presentation on theme: "GCSE Business Studies: Finance Unit 33 Balance Sheets."— Presentation transcript:

1 GCSE Business Studies: Finance Unit 33 Balance Sheets

2 What is a Balance Sheet A statement of the financial situation of a business at a specified moment in time. A statement of the financial situation of a business at a specified moment in time. It shows all that the business owes (liabilities) and all that it owns (assets). It shows all that the business owes (liabilities) and all that it owns (assets).

3 Sarah’s Gift Shop Balance Sheet Liabilities (£) Assets (£) Capital100,000 Equipment & Fittings 4,000 Net Profit 9,000Depreciation ,0003,600 Less Drawings 8,000Stock90, ,000Debtors3,500 Creditors5,000 Less Bad Debt 500 3,000 Bank9,000 Cash ,000106,000

4 Tasks Complete this work sheet on the Sarah’s Gift Shop example. Complete this work sheet on the Sarah’s Gift Shop example.work sheet work sheet Read this case study and complete a balance sheet using this template. Read this case study and complete a balance sheet using this template.case study templatecase study template

5 Homework Complete checklist questions on pg, 85 Complete checklist questions on pg, 85 Complete case study on pg, 86. Complete case study on pg, 86. To be handed in this lesson next week. To be handed in this lesson next week.


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