A statement of money received and paid with a balance is an account.
If commission is already received or paid then it is income statement item, but if it is still receivable or payable then it is balance sheet item, simple commission is a income statement item
Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
if Debenture interest is paid already then it will only show in income statement while if debenture interest is payable in future then it will only comes balance sheet, while if part of interest paid and part of interest payable then portion of paid amount will be shown in income statement while remaining amount will be shown in balance sheet as liability
Yes, you are supposed to claim any money received to the IRS. Even if you get paid cash, the IRS wants their money.
If commission is already received or paid then it is income statement item, but if it is still receivable or payable then it is balance sheet item, simple commission is a income statement item
It depends on the nature, if expenses are paid and benefits are also rendered then expenses will be shown in income statement, but if benefits not received then it will be shown in balance sheet.
Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
Taxes paid is part of cash book or cash flow statement and tax expense in income statement and tax payable is balance sheet item.
Tax paid is not part of balance sheet or income statement rather it is part of cash book.
At the end of the year you will get a statement from Social Security. It will have the amount of money you received, for the year, from Medicare.
Your next statement should show 0.00 in the Current Balance space.
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
If your credit (not debit) card has a negative balance on your statement, then there is an overpayment (you paid more than you owe). So now they owe you money. This is usually applied towards future charges.
if Debenture interest is paid already then it will only show in income statement while if debenture interest is payable in future then it will only comes balance sheet, while if part of interest paid and part of interest payable then portion of paid amount will be shown in income statement while remaining amount will be shown in balance sheet as liability
Creditors in a balance sheet, are the companies, people etc... that you owe money to. They could be utilites, materials purchased, or anything that you have not yet paid for, but have received. This is the opposite of Debtors - people that owe you money.
Bonus is part of income statement is already paid if not paid then it is part of liability side if payable in future.