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Balance Sheet Statements Year Two

The Balance Sheet for Y2 is prepared, from the top line down, by exporting the stream of “Closing Cash Balance”, to “Cash at Bank”. Thus the cash balance for January is 306,750, February 255,300, and so on, until December 186,800. The only current asset considered for our planning is Cash at Bank, therefore, Total Current Assets equals Cash at Bank.

Total assets for month one is the sum of total current assets, 

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