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Sample Of Balance Sheet

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					Example 8: Statement of financial position (balance sheet)


                                                                  Sample SS P&C


                                                         Statement of Financial Position
                                                                   31 December 2003




                            PREVIOUS                                                               THIS
                                   YEAR                                                           YEAR
                                    2002                                                           2003
                               $                               ASSETS                      $



                              4 950.00 Cash at Bank                                             6 005.15
                                     0.00 Cash on Hand                                              0.00
                                   324.55 Stock on Hand                                          140.50
                                     0.00 Investment Balance                                        0.00


                              5 274.55 TOTAL ASSETS                                             6 145.65




                                                           LIABILITIES


                             15 760.00 Balance of Loans                                        23 190.00
  15 760.00 TOTAL LIABILITIES                                                   23 190.00




($ 10 485.45) NET ASSETS/(LIABILITIES)                                   ($ 17 044.35)




                                  EQUITY


  (7 884.00) Accumulated Funds                                             (10 485.45)
  (2 601.45) Surplus/(Deficit) for year                                         (6 558.90)


 (10 485.45)                                                               (17 044.35)




        The negative net worth is due to the donation of assets to the school