||How to prepare a Balance Sheet- 2018|| Business Studies Grade 9 | 20marks

Balance Sheet 2018 Grade 9 Business Studies
The heading of the balance is "as at"
we start with the fixed assets then current assets. Less current liabilities. The find the difference between total current assets and total current to find the working capital. Then add total fixed assets and working capital to arrived at NET ASSETS which is K68,088 in this question.
Financed by
Add Capital, net profit/loss and Long-term liability if there's any. then subtract drawings to finally arrive at CAPITAL EMPLOYED which is K68,088 in this question. If the NET ASSETS is equal to CAPITAL EMPLOYED then the balance Sheet has balanced.
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[@JoshuaMuyauluka]

Thank you sir. If we don't have net profit capital we will take were?

[@chibwematepeta7298]

Profit goes to the balance Sheet under financed by whether you have net profit/loss or not