Balans

• Bedrijfseconomie
• MBO
• Studiejaar 3

Balance sheet/ profit and loss statement

Objective: how to create a balance sheet and profit & loss statement

Accounting equation:

Assets = equity + liabilities            

Important for creating a balance sheet

At the top are the assets that are the least liquid think of a building and at the bottom are the assets that are the most liquid think of cash. Same applies to liabilities.

Accounts receivable

Accounts payable

Money that clients still need to pay to the company.

Is money owed by a business to its suppliers.

Assignment:

Make a complete balance sheet.

Assignment

Finish the following balance sheet.

Profit and loss statement

Sales

Costs of goods sold -/-

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Gross profit

Expenses -/-

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Net profit (net loss)

Assignment

Calculate the net profit or net loss.