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  • Assets and Liabilities Statement: Assets 1-Jul 30-Jun Change 2013 2014

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    vegalinks
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    The assets and liabilities statement compares the values of assets and liabilities as of July 1, 2013 and June 30, 2014. It shows that total assets increased by $214,416 to $1,739,456 primarily due to increases in land and buildings and stock. Total liabilities decreased by $20,600 to $240,000 mainly because loan 1 was paid down. As a result, net worth increased by $235,016 to $1,499,456 and the equity percentage rose by 3.3% to 86.2%.

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    assets and liabilities

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    03 Assets and Liabilities

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    The assets and liabilities statement compares the values of assets and liabilities as of July 1, 2013 and June 30, 2014. It shows that total assets increased by $214,416 to $1,739,456 primarily due to increases in land and buildings and stock. Total liabilities decreased by $20,600 to $240,000 mainly because loan 1 was paid down. As a result, net worth increased by $235,016 to $1,499,456 and the equity percentage rose by 3.3% to 86.2%.

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    © All Rights Reserved
    Scarica in formato XLS, PDF, TXT o leggi online su Scribd
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    8 visualizzazioni1 pagina

    Assets and Liabilities Statement: Assets 1-Jul 30-Jun Change 2013 2014

    Caricato da

    vegalinks
    The assets and liabilities statement compares the values of assets and liabilities as of July 1, 2013 and June 30, 2014. It shows that total assets increased by $214,416 to $1,739,456 primarily due to increases in land and buildings and stock. Total liabilities decreased by $20,600 to $240,000 mainly because loan 1 was paid down. As a result, net worth increased by $235,016 to $1,499,456 and the equity percentage rose by 3.3% to 86.2%.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLS, PDF, TXT o leggi online su Scribd
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    di 1

    ASSETS AND LIABILITIES STATEMENT

    Assets 1-Jul 30-Jun Change


    2013 2014
    Cash $0 $0 $0
    Land and Buildings $1,034,040 $1,236,456 $202,416
    Plant and Equipment $156,000 $160,000 $4,000
    Stock $325,000 $333,000 $8,000
    Dairy Co-op. Shares $10,000 $10,000 $0
    Other Assets $0 $0 $0
    Feed Stocks $0 $0 $0
    Total Assets $1,525,040 $1,739,456 $214,416

    Liabilities
    Sundry Trade Creditors $0 $0 $0
    Credit Card Debt $0 $0 $0
    Overdraft $0 $0 $0
    Loan 1 $260,600 $240,000 -$20,600
    Loan 2 $0 $0 $0
    Loan 3 $0 $0 $0
    Lease 1 $0 $0 $0
    Lease 2 $0 $0 $0
    Other Liabilities $0 $0 $0
    Total Liabilities $260,600 $240,000 -$20,600

    Net Worth $1,264,440 $1,499,456 $235,016

    Equity % 82.9% 86.2% 3.3%

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