Balance Sheet (SOFP) | A-Level, IB & BTEC Business

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[@jamieharrison9810]

Brilliant video, tutor2u always provide high quality materials that help students much more than anyone else

[@Tom-jt1rv]

Also, if you see `fixed assets` on a balance sheet that is `non-current assets` - it's just another term for the same thing.

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[@Explorist719]

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[@siyethabawashington2345]

Thanks so much!!

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[@Rover800Coupe]

Is it also know as the 'statement of financial position'? M.

[@honeycat8734]

So is net assets = (non-current assets + current assets) - (current liabilities - non-current liabilities) ?

[@roryc361]

I’m doing a balance sheet for part of my business assignment and it says that the business received a donation of equipment and I was wondering how I would express that on my balance sheet

[@pomatomapo]

How are you talking about the balance sheet without talking about equity?

[@robertblack3867]

Capital is Equity.