Balance Sheet

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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

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