Sole Trader Final Account Formats: Statement Of Financial Position (Sole Trader) Format (Copy)
Statement Of Financial Position (Sole Trader) Format
Standard Statement Of Financial Position Layout (Exam-Preferred)
Statement Of Financial Position As At ………
| Assets | Amount |
|---|---|
| Non-Current Assets | |
| Property, Plant And Equipment | xxxx |
| Less: Accumulated Depreciation | (xxxx) |
| Net Non-Current Assets | xxxx |
| Current Assets | |
| Inventory | xxxx |
| Trade Receivables | xxxx |
| Less: Allowance For Irrecoverable Debts | (xxxx) |
| Prepayments | xxxx |
| Cash And Cash Equivalents | xxxx |
| Total Current Assets | xxxx |
| Total Assets | xxxx |
| Capital And Liabilities | Amount |
|---|---|
| Capital | |
| Opening Capital | xxxx |
| Add: Profit For The Year | xxxx |
| Less: Drawings | (xxxx) |
| Closing Capital | xxxx |
| Non-Current Liabilities | |
| Long-Term Loan | xxxx |
| Current Liabilities | |
| Trade Payables | xxxx |
| Accruals | xxxx |
| Bank Overdraft | xxxx |
| Total Current Liabilities | xxxx |
| Total Capital And Liabilities | xxxx |
- Total Assets Must Equal Total Capital And Liabilities
- Capital Section Calculated Before Presentation
- Clear Separation Of Asset And Liability Sections
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Statement Of Financial Position With Capital Working Shown Separately
Capital Working
| Details | Amount |
|---|---|
| Opening Capital | xxxx |
| Add: Profit For The Year | xxxx |
| Less: Drawings | (xxxx) |
| Closing Capital | xxxx |
- Closing Capital Transferred To Statement Of Financial Position
Statement Of Financial Position Without Accumulated Depreciation Shown Separately (Accepted)
Statement Of Financial Position As At ………
| Assets | Amount |
|---|---|
| Non-Current Assets (Net) | xxxx |
| Current Assets | xxxx |
| Total Assets | xxxx |
| Capital And Liabilities | Amount |
|---|---|
| Capital | xxxx |
| Non-Current Liabilities | xxxx |
| Current Liabilities | xxxx |
| Total Capital And Liabilities | xxxx |
- Net Non-Current Asset Figure Allowed
- Must Be Consistent With Workings
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Statement Of Financial Position With Net Current Assets Presentation
Statement Of Financial Position As At ………
| Assets | Amount |
|---|---|
| Non-Current Assets | xxxx |
| Current Assets | xxxx |
| Less: Current Liabilities | (xxxx) |
| Net Current Assets | xxxx |
| Total Assets | xxxx |
| Capital And Liabilities | Amount |
|---|---|
| Capital | xxxx |
| Non-Current Liabilities | xxxx |
| Total Capital And Liabilities | xxxx |
- Net Current Assets Presentation Accepted
- Clear Labelling Required
Presentation Rules For Statement Of Financial Position (Exam Scoring)
- Heading Must State “Statement Of Financial Position”
- Date Must Be “As At”
- Assets Listed Before Capital And Liabilities
- Correct Classification Of Current And Non-Current
- Totals Must Balance
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Common Items Included In Statement Of Financial Position
Non-Current Assets
- Property
- Motor Vehicles
- Equipment
Current Assets
- Inventory
- Trade Receivables
- Cash And Bank
- Prepayments
Current Liabilities
- Trade Payables
- Accruals
- Bank Overdraft
Compact Statement Of Financial Position Template (Emergency)
Statement Of Financial Position
Assets xxxx
Capital xxxx
Liabilities xxxx
Totals Equal
One-Glance Exam Template
Statement Of Financial Position
Assets On Top
Capital Then Liabilities
Totals Must Match