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Balance sheet sole trader (Current assets (Closing inventory, Receivables…
Balance sheet sole trader
Assets
Non-current assets cost
Depreciation for period
Net book cost
Current assets
Closing inventory
Receivables net of allowance
Prepayments
Cash at bank
Total assets
Capital and liabilities
Capital
Balance b/ f
less : Drawing
profit for the year
Capital at the end of the year
Long term liabilities
Bank loan
Current liabilities
Payables
Accruals
Total capital and liabilities