No, in this type of situation only the account holder is responsible for the debt. If there is no estate the debt will be voided. Please be advised this does not necessarily mean an unethical collector/creditor would attempt to convince family members they are obligated for repayment.
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
outstanding assets
No. Unless you agreed in writing to be responsible for your mother's debts, her estate will be responsible. If there is no estate the creditors are out of luck.
Look in the Company's Balance Sheet. Total Assets -Total Liabilities ______________________ = Book Value per share Outstanding Shares
Premises are business assets so same like all other assets premises balance is debit balance as normal balance.
Intangible assets are amortized on balance sheet same as tangible assets are depreciated.
Below Fixed Assets
Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.
Defferred tax asset is shown in assets side of balance sheet under head of other assets.
Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.
debit
Assets and liabilities are reported on a balance sheet