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HST paid goes on the credit side or expenses on the balance sheet

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12y ago
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Q: Do you put GST or HST on the balance sheet?
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Where do you put the accrued income taxes on the balance sheet?

Under the liabilities section of the balance sheet?


Where do you put retained earnings on a balance sheet?

liability


Where on the balance sheet do you put a deficit?

Retained Earnings


Where are accruals put on the balance sheet?

Current liabilities.


Where do put drawings in a balance sheet?

asset side


Do you put cash value of life insurance on the balance sheet?

No.


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In the liability section of the balance sheet. Generally showing short terms portions separately from long term portions.


Where to put deferred tax assets in the balance sheet?

Defferred tax asset is shown in assets side of balance sheet under head of other assets.


Were do put long term notes payable on the balance sheet?

Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.


When do you put the asset on the balance sheet?

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What is the date HST was put into service?

1965


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