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Business Plan
Balance sheet - The last essential document in the financial section of the business plan is the balance sheet of the business at the beginning of the first month of trading . Balance sheets are different from profit loss accounts which show profits for a time period such as a year . Balance sheets show the state of the business at one moment in time.
Balance sheet
Fixed Assets £
premises 30,000
machinary 10,000
Other equipment 2,000
42,000
Current assets
Bank 10,000
Petty cash 250
10,250
Current liabilities
creditors
Bank overdraft
Working capital 10,250
Net Current assets 42,250
Long term liabilities
loan 50,000
total 50,000
Net assets
Financed b...
Balance sheet - The last essential document in the financial section of the business plan is the balance sheet of the business at the beginning of the first month of trading . Balance sheets are different from profit loss accounts which show profits for a time period such as a year . Balance sheets show the state of the business at one moment in time.
Balance sheet
Fixed Assets £
premises 30,000
machinary 10,000
Other equipment 2,000
42,000
Current assets
Bank 10,000
Petty cash 250
10,250
Current liabilities
creditors
Bank overdraft
Working capital 10,250
Net Current assets 42,250
Long term liabilities
loan 50,000
total 50,000
Net assets
Financed b...
Posted by: Helene Hannah
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