What are all the constituents of a balance sheet and which values carry over from the last year's balance sheet (if any). Do these values seem to be possible constituents of a balance sheet?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What are all the constituents of a balance sheet and which values carry over from the last year's balance sheet (if any). Do these values seem to be possible constituents of a balance sheet?

Joy Toy Ltd. Balance Sheet
October 31, 2020
Assets
Non-current
Depreciated machine
£8,000
Current
Closing Inventory
£1,200
Customer Invoices
£1,710
Uncollectable invoices
£90
Rent Prepayment
£1,500
Total Assets
£12,500
Equity & Liabilities
Equity
Dividend
£5,414
Gain on delivery van disposal
£850
Total Equity
£6,264
Liabilities
Non-current
Current
Loan payment
£676
Trade payables
£460
Таx payable
£700
Unearned revenue for Jan 2021 order
£380
Telephone bill
£20
Unpaid salary
£600
Total Liabilities
£2,836
Total Equity & Liabilities
(£12,500)
Missing 3,400 from equity and liabilities
Transcribed Image Text:Joy Toy Ltd. Balance Sheet October 31, 2020 Assets Non-current Depreciated machine £8,000 Current Closing Inventory £1,200 Customer Invoices £1,710 Uncollectable invoices £90 Rent Prepayment £1,500 Total Assets £12,500 Equity & Liabilities Equity Dividend £5,414 Gain on delivery van disposal £850 Total Equity £6,264 Liabilities Non-current Current Loan payment £676 Trade payables £460 Таx payable £700 Unearned revenue for Jan 2021 order £380 Telephone bill £20 Unpaid salary £600 Total Liabilities £2,836 Total Equity & Liabilities (£12,500) Missing 3,400 from equity and liabilities
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