FINANCIAL ACCOUNTING: UNIVERSITIES

 

THE BALANCE SHEET

 

ASSETS

Fixed Assets

Stocks and Work in Progressdownload.jpg (2778 bytes)

Prepayments

Debtors

Cash

 

LIABILITIES

Overdrafts

Creditors

Accruals

Deferred Income

Provisions

Loans

 

EQUITY (OR THE WAY IN WHICH THE NET ASSETS HAVE BEEN FUNDED)

Deferred Capital Grants

Endowments

Revaluation Reserves

Balance on the Income and Expenditure Account