[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-195091-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-195091-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","accounting-balance-sheet","Accounting-Balance Sheet","","This study guide explains the Statement of Financial Position (balance sheet) using clear, exam-oriented accounting definitions and classifications. It covers key concepts such as assets, liabilities, and shareholders’ equity, with detailed distinctions between non-current and current items. The guide also introduces related components like ordinary shares, authorised and issued share capital, retained income, income tax and dividends. It further outlines the structure of the statement and provides guidance for consolidation, examination preparation, suggested answers, and marking.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/accounting-balance-sheet/195091/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/accounting-balance-sheet/195091.png","ImageObject",442,249,{"name":42,"@type":43},"McQueen","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-07","2026-09-03",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What does the study guide define as assets, and how are they classified?","Question",{"text":63,"@type":64},"Assets are business possessions used to generate profit. They are classified into non-current assets and current assets.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does the guide explain current liabilities versus non-current liabilities?",{"text":68,"@type":64},"Current liabilities are short-term debts repayable within 12 months. Non-current liabilities are long-term debts repayable beyond one year.",{"name":70,"@type":61,"acceptedAnswer":71},"What support does the guide provide for learning and examinations?",{"text":72,"@type":64},"It includes an answer book, suggested answers and marking guidelines, specific examination guidance for the statement of financial position, and general study and examination tips.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},195091,1788445342,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":80,"read_time":141},5909890329169,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","| TABLE OF CONTENTS |  |\n| --- | --- |\n| 1. INTRODUCTION | 2 |\n| 2. HOW SHOULD WE USE THIS STUDY GUIDE? | 3 |\n| 3. STATEMENT OF FINANCIAL POSITION | 4 |\n| 3.1 KEY CONCEPTS | 4 |\n| 3.2 STRUCTURE OF THE STATEMENT OF FINANCIAL POSITION | 7 |\n| 3.3 NOTES TO THE STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) | 9 |\n| 4. CONSOLIDATION ACTIVITIES | 36 |\n| 5. ANSWER BOOK | 47 |\n| 6. SUGGESTED ANSWERS AND MARKING GUIDELINES | 60 |\n| 7. EXAMINATION GUIDANCE (SPECIFIC TO STATEMENT OF FINANCIAL POSITION) | 74 |\n| 8. GENERAL STUDY AND EXAMINATION TIPS | 75 |\n| 9. ACKNOWLEDGEMENTS | 76 |\n\n| CONCEPT | EXPLANATION |\n| --- | --- |\n| Assets | These are business possessions used to generate profit and are classified into two categories, namely Non-current Assets and Current Assets. |\n| Non-current Assets | These are not intended for resale and they last for a long period, more than a year. Examples are Land and buildings, equipment etc. |\n| Current Assets | These are liquid and include assets that can be easily converted into cash within a short period of time (within a year), e.g. cash and cash equivalents, inventories and trade and other receivables. |\n| Liabilities | These are amounts owed by a person or business to another. They are classified into two categories namely, Non-current Liabilities and Current Liabilities. |\n| Non-current Liabilities | Are long-term debts repayable beyond the period of one year, example is a mortgage loan. |\n| Current Liabilities | Are short-term debts repayable within a period of 12 months e.g. trade and other payables and current portion of loan. |\n| Shareholders’Equity | Total amount attributable to shareholders, it consist of ordinary share capital and retained income. |\n| Ordinary shares | A type of shares that entitle the owners to dividends that vary in amount according to the profits made by the business. |\n| Authorised share capital | The maximum number of shares a company may sell according to the company’s Memorandum of Incorporation. |\n| Issued share capital | The number of shares that have been sold to the public. |\n| Retained Income | A portion of the profit after tax that has not been paid out to the shareholders in dividends but kept (retained) for future growth of the company. |\n| Income tax | Tax levied by the government (SARS) on income earned by individuals or companies. |\n| SARS | The government department to whom the company must pay income tax on the profits and VAT when due. |\n| Dividends | Profits shared amongst the shareholders in proportion to the number of shares held, it is normally expressed as cents per share |\n| Interim | Dividends paid to the shareholders during the financial year. |\n| Final | Dividends declared (recommended) to the shareholders at the end of the financial year. |\n| Shareholders for dividends | The amount owing to shareholders for dividends declared but not yet paid. |\n| Short term loan | The portion of long term debt that is payable within a period of one year, in the next financial year. |\n\n| PRE-ADJUSTMENT TRIAL BALANCE | | ADJUSTMENTS |\n| --- | --- | --- |\n|  |  | |\n| CLOSING TRANSFERS | | POST – ADJUSTMENT TRIAL BALANCE |\n\n| STATEMENT OF COMPREHENSIVE INCOME\u003Cbr>(Income Statement) |  |  |\n| --- | --- | --- |\n| EXPENSES\u003Cbr>• Cost of sales\u003Cbr>• Rent expense\u003Cbr>• Salaries and wages\u003Cbr>• Packing material\u003Cbr>• Insurance\u003Cbr>• Discount allowed\u003Cbr>• Telephone\u003Cbr>• Loss on sale of asset\u003Cbr>• Depreciation\u003Cbr>• Trading stock deficit\u003Cbr>• Provision for bad debts adjustments (increase)\u003Cbr>• Audit fees\u003Cbr>• Directors fees |  | INCOME\u003Cbr>• Sales\u003Cbr>• Rent Income\u003Cbr>• Discount received\u003Cbr>• Bad debts recovered\u003Cbr>• Profit on sale of asset\u003Cbr>• Trading stock surplus\u003Cbr>• Provision for bade debts adjustment (decrease) |\n|  | Operat ing expenses and income |  |\n| • Interest on loan\u003Cbr>• Interest on bank overdraft\u003Cbr>• Interest on overdue accounts of creditors | Financing | • Interest on fixed deposit\u003Cbr>• Interest on current account\u003Cbr>• Interest on overdue accounts of debtors ","cbCaisS4SuPiMl99","https://ap.wps.com/l/cbCaisS4SuPiMl99","pdf",4788096,78,"English","# Introduction\n# How should we use this study guide?\n# Statement of financial position\n## Key concepts\n## Structure of the statement of financial position\n## Notes to the statement of financial position (balance sheet)\n# Consolidation activities\n# Answer book\n# Suggested answers and marking guidelines\n# Examination guidance (specific to statement of financial position)\n# General study and examination tips\n# Acknowledgements","[{\"question\":\"What does the study guide define as assets, and how are they classified?\",\"answer\":\"Assets are business possessions used to generate profit. They are classified into non-current assets and current assets.\"},{\"question\":\"How does the guide explain current liabilities versus non-current liabilities?\",\"answer\":\"Current liabilities are short-term debts repayable within 12 months. Non-current liabilities are long-term debts repayable beyond one year.\"},{\"question\":\"What support does the guide provide for learning and examinations?\",\"answer\":\"It includes an answer book, suggested answers and marking guidelines, specific examination guidance for the statement of financial position, and general study and examination tips.\"}]","Accounting-Balance Sheet | PDF",27]