Accounting – 5.1 Sole traders | e-Consult
5.1 Sole traders (1 questions)
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Statement of Financial Position
As at 31 December 2023
| Assets | Amount (£) |
| Non-current Assets | £260,000 |
| Intangible Assets | £10,000 |
| Property, Plant & Equipment | £200,000 |
| Total Non-current Assets | £270,000 |
| Current Assets | £85,000 |
| Inventory | £40,000 |
| Cash at Bank | £15,000 |
| Accounts Receivable | £30,000 |
| Total Current Assets | £85,000 |
| Total Assets | £355,000 |
| Liabilities | £200,000 |
| Current Liabilities | £30,000 |
| Accounts Payable | £20,000 |
| Short-term Loan | £10,000 |
| Total Current Liabilities | £40,000 |
| Non-current Liabilities | £80,000 |
| Long-term Loan | £80,000 |
| Total Non-current Liabilities | £80,000 |
| Total Liabilities | £120,000 |
| Capital | £150,000 |
| Total Equity | £150,000 |
| Total Assets | £355,000 |