Statement Of Financial Position Balance Sheet Flashcards
(4 cards)
1
Q
Net current assets/liabilities
A
Current assets - current liabilities
2
Q
Net assets
A
Non current assets + current assets - (current liabilities + long term liabilities)
Total assets - total liabilities
3
Q
Capital employed
A
Total equity + non-current liabilities
4
Q
Balance sheet
A
Net assets = capital employed
