Credit Guardian
ContentsIndexHome
PreviousUpNext
Balance Sheet

The balance sheet shows a snapshot of the company’s assets, liabilities and issued capital (or shares) for the accounting period show.

Date of Accounts 
End date covering the filed set of accounts. 
Number of weeks 
The number of weeks covered by the accounts. 
Currency 
The ISO currency the accounts where filed in (GBP = Great Britain Pounds) 
Total non-current assets 
Non-current assets are also known as long-term assets and describe assets which cannot easily be converted in to cash. These assets can include office equipment, furniture, computers, motor vehicles, plant and machinery, buildings and land etc. 
Total current assets 
Current asserts are any asset that can easily be converted in to cash. These assets can include, cash, accounts receivable (money owed to you by your customers), stock etc. 
Total gross assets 
This is the combination of both non-current assets and current assets. E.g.
Total gross assets = Total non-current assets + Total current assets
 
Total current liabilities 
This shows all the monies that the company owes to its suppliers 
Copyright (c) 2007 - 2010 Draycir Limited. All rights reserved.
What do you think about this topic? Send feedback!