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The main reason is that they would be classified as intangible assets.
Intangible assets should only be included on the balance sheet when the costs are easily measurable. It would be very difficult to measure an employees value to a company. Also under ISA 38, internally generated goodwill is not allowable.
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∙ 13y ago
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Where do you record drawings in the balance sheet?
asset
How do you record goodwill on a balance sheet?
intangible asset
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
Is Inventory an asset on balance sheet?
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
Where does cash go on balance sheet?
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
Where does cash go on a balance sheet?
Cash is an asset of business and it is shown under current asset of business at asset side of balance sheet.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Is prepaid interest on a balance sheet?
Yes. It is an asset and assets are on the balance sheet.
Where does the purchase of shares listed on the balance sheet?
In balance sheet asset side
Is machinery on an income statement or balance sheet?
Machinery is an asset of business and long term asset so it is part of long term asset in balance sheet.
Is closing stock a balance sheet item?
Yes closing stock is balance sheet item and shown under current asset in asset side.
Is dividends an asset on the balance sheet?
If dividend payable then liability if dividend receivable then it is asset if dividend paid then it is not part of balance sheet.
