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SOFP (Format)

This statement of financial position shows the company's non-current assets including premises, land, buildings, fixtures, fittings, machinery and motor vehicles totaling XXXX, along with current assets of closing inventory, trade receivables, cash at bank and in hand totaling XXXX for total assets of XXXXX. Liabilities include a non-current bank loan of XXX and current liabilities of trade payables and bank overdraft totaling XXX for total liabilities of XXXX. Owner's equity is financed by equity from the start of the year plus profit/loss for the year minus any drawings to equal total liabilities and owner's equity of XXXXX, with assets equal to liabilities and owner's equity.

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140 views1 page

SOFP (Format)

This statement of financial position shows the company's non-current assets including premises, land, buildings, fixtures, fittings, machinery and motor vehicles totaling XXXX, along with current assets of closing inventory, trade receivables, cash at bank and in hand totaling XXXX for total assets of XXXXX. Liabilities include a non-current bank loan of XXX and current liabilities of trade payables and bank overdraft totaling XXX for total liabilities of XXXX. Owner's equity is financed by equity from the start of the year plus profit/loss for the year minus any drawings to equal total liabilities and owner's equity of XXXXX, with assets equal to liabilities and owner's equity.

Uploaded by

The God Gamer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business Name

Statement of financial position as at 31 Decemeber 20XX

Non- Current Assets $ $


Premsies XXX
Land & Building XXX
Fixture and fittings XXX
Machinery XXX
Motor Vehicles XXX
XXXX
Current Assets
Closing Inventory XXX
Trade Receivables XXX
Cash at bank XXX
Cash in hand XXX XXXX
Total Assets XXXXX

Liabilties and Owner's equity


Non-current liabilities
Bank Loan XXX

Current-Liabilities
Trade payables XXX
Bank overdraft XXX XXX
Total Liabilities XXXX

Financed by
Equity (start of year) XXX
Profit/Loss for the year XXX/(XX)
XXXX
Drawings (XXX) XXXX
Total Liablitiles and Owner's equity XXXXX

Assets= Liabilities and Owner's equity

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