Creative Activities Pty Ltd: Balance Sheet 2007/2008
By: Wendy • Case Study • 330 Words • December 3, 2009 • 1,291 Views
Essay title: Creative Activities Pty Ltd: Balance Sheet 2007/2008
Creative Activities Pty Ltd: Balance Sheet 2007/2008
2007
2008
$
$
$
$
Current Assets
cash at bank
80,000
200,000
Debtors
637,000
591,000
Inventory- sports clothing
230,000
235,000
Inventory- sports equipment
325,000
298,000
1,272,000
1,324,000
Non-current assets
Office furniture
1,110,000
1,040,000
Less accumulated depreciation
149,000
961,000
180,000
860,000
Delivery Van
30,000
30,000
Less accumulated depreciation
10,000
20,000
15,000
15,000
Motor Vehicle
50,000
50,000
Less accumulated depreciation
12,000
38,000
16,000
34,000
1,019,000
909,000
Total Assets
2,291,000
2,233,000
Current Liabilities
Creditors
271,000
253,000
Overdraft
6,000
10,000
Taxes payable
48,000
60,000
325,000
323,000
Non-current liabilities
Term Loan
50,000
45,000
50,000
45,000
Total liabilities
375,000
(2009, 12). Creative Activities Pty Ltd: Balance Sheet 2007/2008. EssaysForStudent.com. Retrieved 12, 2009, from https://www.essaysforstudent.com/essays/Creative-Activities-Pty-Ltd-Balance-Sheet-20072008/18612.html
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