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Eric Sutherland's Shop

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Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland

Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland
Balance Sheet Note 2 Tangible Assets Deprecation
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Balance Sheet Note 2 Tangible Assets Deprecation

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Tangible Assets cover tools, computers and vans or cars used to run the business. HMRC specify the annual deprecation on each type of asset. With computers and phones it’s 25% per year. Examples of different assets are shown and how deprecation is applied to the end of the year valuse of an asset. Questions and Answers are also supplied.
Balance Sheet Notes 3 and 4 Debtors and Creditors
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Balance Sheet Notes 3 and 4 Debtors and Creditors

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Debtors are when a person or business owe your company money for work performed or for buying parts to complete a job. Creditors are when a person or business pays your company in advance for work to be performed or for buying parts to complete a job. When VAT is due to be refunded to your company after assets have been purchased.
Balance Sheet Note 5 Called up share capital
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Balance Sheet Note 5 Called up share capital

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Has now been expanded to cover both paid-up shares and unpaid shares. In most small companies that don’t pay dividends to share holders it’s easy. But with 100 £1 shares and only 2 paid-up. Means only 2% of profits can be paid out as dividends.
Profit and Loss Accounts
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Profit and Loss Accounts

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Examples, Questions and Answers supplied to help users understand when a Profit or Loss is made by a company. Also Note 1 for the Accounts relates to the Detailed Breakdown of expenses required to run the business.
QM023 CE Marking V002
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QM023 CE Marking V002

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Describes how a product is tested and the related directives and issued certificate confirming tests passed, that allow the CE mark to be added with the certificate reference number.