Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)

Balance Sheet

Good morning everyone,

I am just wondering if the balance sheet is different for each type of company? Do soletraders not have financed by and current accounts whereas partnerships do and can you tell it is a limited company by the balance sheet as share capital is contained on it?

Thank you for your help.

Comments

  • Turbo_DaveTurbo_Dave Registered Posts: 23
    So a sole trader only has a capital account, partnership has a current accounts and capital accounts for each partner and a limited company has share capital?
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