| Financial Information - Balance Sheet |
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Use this worksheet to prepare a balance sheet you will include in your business plan for an ongoing business. If you are starting a new business proforma (projected) balance sheets can be prepared, particularly if your business requires significant capital (asset) investment or financing.
Assets
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Current Assets
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| Cash in bank |
_____________________ |
| Accounts receivable |
_____________________ |
| Inventory |
_____________________ |
| Total current assets |
_____________________ |
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Fixed Assets
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| Land |
_____________________ |
| Buildings |
_____________________ |
| Less amortization |
(____________________) |
| Net land & buildings |
_____________________ |
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| Equipment |
_____________________ |
| Less amortization |
(____________________) |
| Net equipment |
_____________________ |
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| Vehicles |
_____________________ |
| Less amortization |
(____________________) |
| Net vehicles |
_____________________ |
| Total Assets (A) |
_____________________ |
Liabilities
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Current Liabilities
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| Accounts payable |
__________________ |
| Short-term loans |
__________________ |
| Other payments due in 12 mos |
__________________ |
| GST or PST owing |
__________________ |
| Total current liabilities |
__________________ |
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Long-term Liabilities
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| Long-term loans (due after 1 yr) |
__________________ |
| Mortgage |
__________________ |
| Total long-term liabilities |
__________________ |
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| Total Liabilities (L) |
__________________ |
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Owners' Equity
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| Investment |
__________________ |
| Retained Earnings |
__________________ |
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| Total owners' equity (E) |
__________________ |
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| Total liabilities and equity (L+E) |
__________________
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