Balance Sheet

At the top of the business sheet is Fixed Assets 

Fixed Assets- more permanent 

• Property
• Machinery
• Vechiles 
• Last more than one year

Current Assets

• Current assets are stock
• debtors (customers that own money)
• cash in the bank

Current Liabilities (short term) owe money

• Overdraft
• Creditors - where we owe money to suppliers

Non- current Liabilites ( long term) longer than…