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Administrative expenses are part of income statement and shown there and not in balance sheet.
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∙ 9y ago
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Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Miscellaneous expenses in the balance sheet?
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Do expenses go on a balance sheet?
no
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
Where does prepaid expenses go on the balance sheet?
Assets
Is preliminary expenses is a administrative expenses or selling expenses?
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Miscellaneous expenses in the balance sheet?
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Are exploration expenses located on a balance sheet or income statement?
balance sheet
Do expenses go on a balance sheet?
no
Is expnses a balance sheet or a income statement?
All expenses incurred are part of income statement of company whle advance expenses or expenses payable are part of balance sheet.
Does expenSes appear in balance sheet?
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.
Where does prepaid expenses go on the balance sheet?
Assets
Do you put GST or HST on the balance sheet?
HST paid goes on the credit side or expenses on the balance sheet
Are utility expenses recorded in balance sheet?
Utility expenses are recorded in the expenses section of an income statement
Where does prepaid expense go on balance sheet?
Prepaid expenses are shown in current assets under assets portion of balance sheet.
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
What classification of accounts are shown in the balance sheet of a worksheet?
sales and expenses
