14+ Simple Sole Proprietor Balance Sheet Example

As at 28 February 2012.

Sole proprietor balance sheet example. SAMPLE FORMAT OF BALANCE SHEET FOR SOLE-PROPRIETORSHIP XYZ BUSINESS BALANCE SHEET AS AT DD MM 20XX ASSETS NON-CURRENT Property XXX Motor Vehicle X Less. Statement of financial position. Like sole proprietors this is how the partners get paid.

The balance sheet classifications and blank lines are ready for you to drop in the amounts for your business. A note on balance sheets. This simple balance sheet template includes current assets fixed assets equity and current and long-term liabilities.

A sole proprietorship in the service business can have a professional-looking balance sheet by using this form. Bookkeeping software uses double-entry bookkeeping which builds both the income statement and balance sheet. Components of a Balance Sheet.

Paid in capital represents money the shareholders in the corporation invest. A PL usually has five main components. Liabilities What money is left for the owner.

Cost of items used. Thus Assets Liabilities Equity. Fixed assets eg premises vehicles computers current assets eg stock of goods for resale debtors money.

Sole Proprietor Balance Sheet Example Malaysia. The rough estimate suggests the phases of product construction and the time required for their implementation. Balance sheet Simple Report on your assets and liabilities with this accessible balance sheet template.