Example Balance Sheet

ASSETS      
  Current Assets    
  Cash $ 20,000
  Accounts receivable $ 15,000
  Inventory $    150,000
  Total Current Assets $      185,000
       
  Non-Current Assets    
  Plant and equipment $ 50,000
  Business premises $ 650,000
  Vehicles $     70,000
  Total Non-Current Assets $   770,000
       
TOTAL ASSETS $    955,000
       
  Current Liabilities    
  Accounts payable $ 25,000
  Bank overdraft $ 10,000
  Credit card debt $ 5,000
  Tax liability $  30,000
  Total Current Liabilities $   70,000
       
  Non-Current Liabilities    
  Long term business loan 1 $ 450,000
  Long term business loan 2 $   50,000
  Total Non-Current Liabilities $  500,000
       
TOTAL LIABILITIES $  570,000
       
NET ASSETS $   385,000
       
OWNERS EQUITY $   385,000

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