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Balance Sheet Harbour

Level 1 of 10 · Classify items as current or non-current assets, liabilities or equity.

The first mooring

Harbour Bites, a takeaway caravan — Balance sheet as at 31 March.

Cargo waiting on the wharf

Total assets$0
Total liabilities + equity$0
Current means expected to be settled or used within 12 months. Accumulated depreciation is shown as a deduction from the asset it belongs to. No GST or income tax is modelled.