Assets
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Assets • These are items of value belonging to a business, e g Premises, Stock, Debtors, Bank Assets £36,000
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 Presentation
Transcript of Assets
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
• This is money invested by the owner or shareholders in the business
27000
• Assets minus Liabilities equals Capital
• This means that 36,000 minus 9,000 equals 27,000
36,000
9,000
27,000