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Benz Gives You The Following Information:: Balance Sheet For Big Tasty Burger Fixed Assets

Benz runs a fast food restaurant and food truck. He provides information to construct a balance sheet for his business, including the value of the shop and van, current stock and cash, outstanding loans, and the year's profit. The balance sheet will list the business's assets, liabilities, and capital to calculate its net worth.

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Ravi Udeshi
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238 views1 page

Benz Gives You The Following Information:: Balance Sheet For Big Tasty Burger Fixed Assets

Benz runs a fast food restaurant and food truck. He provides information to construct a balance sheet for his business, including the value of the shop and van, current stock and cash, outstanding loans, and the year's profit. The balance sheet will list the business's assets, liabilities, and capital to calculate its net worth.

Uploaded by

Ravi Udeshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Benz runs a fast food resturant in Bangkok.

He also owns a mobile burger van, which he


takes to large events at weekends. At the end of the year he has to produce a balance
sheet.

You are going to construct a balance sheet for Big Tasty Burger. Carry out the following
tasks.

Benz gives you the following information:

1. The shop is valued at 200,000


2. His van is worth 5,000
3. He currently has 8,000 worth of stock
4. He has 25,000 in the bank
5. Benz owes 30,000 to suppliers
6. Benz took out a large bank loan to set up his shop. There is still 190,000 outstanding on the loan.
7. When Benz started his business, he invested 10,000 of his own money into the business.
8. Big Tasty Burger made a net profit of 8,000 this year.

Balance Sheet for Big Tasty Burger


th
As at 14 October 2010 Net Current Assets

Fixed Assets
Shop
Van

Current Assets
Stock
Cash

Net Assets
Current Liabilities
Trade Credit

Net Current Assets

Net Assets
Financed By
Capital and Reserves
Share Capital
Retained Profit
Bank Loan

Capital Employed

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