POA Chap 5: Statement of Financial Position

Fixtures and fittings

• Current asset

• Non-current asset

• Current liability

• Non-current liability

Cash in hand

• Current asset

• Non-current asset

• Current liability

• Non-current liability

Bank overdraft

• Current asset

• Non-current asset

• Current liability

• Non-current liability

Long-term borrowing (bank loan)

• Current asset

• Non-current asset

• Current liability

• Non-current liability

Motor vehicle

• Current asset

• Non-current asset

• Current liability

• Owner's equity

Capital

• Current asset

• Non-current asset

• Current liability

• Owner's equity

Drawings

• Current asset

• Non-current asset

• Current liability

• Owner's equity

Inventory

• Current asset

• Non-current asset

• Current liability

• Owner's equity

Trade payable

• Current asset

• Non-current asset

• Current liability

• Owner's equity

Trade receivable

• Current asset

• Non-current asset

• Current liability

• Owner's equity