Income Statement under operating expenses.
Income is an income statement account and shown in income statement and not a balance sheet account.
Income statement and balance sheet are both related to each other as transactions effect income statement and balance sheet as well and net income or loss from income statement is also part of balance sheet.
Mortgage payable is liability so it is part of balance sheet and not part of income statement.
expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.
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
Income is an income statement account and shown in income statement and not a balance sheet account.
Income statement and balance sheet are both related to each other as transactions effect income statement and balance sheet as well and net income or loss from income statement is also part of balance sheet.
yes accounts are payable on the income statement and balance sheet.
both.. balance sheet under liquid asset..income statement under inflow/income..
Interest is part of income statement and shown in income statement and not part of balance sheet.
balance sheet
balance sheet
Mortgage payable is liability so it is part of balance sheet and not part of income statement.
debit column of the income statement and the credit column of the balance sheet.
Earning per share information is shown in income statement and not shown in balance sheet of business.
Closing merchandise inventory belongs on both the income statement and the balance sheet. On the income statement, it is included under Cost of Goods Sold; on the balance sheet it is categorised under Current Assets.
Stationery, as an accounting item, does not appear on a business Balance Sheet. The Balance Sheet is reserved for assets and liabilities. The Income Statement reflects income and expenses and because Stationery is an expense item it will appear on the Income Statement and not the Balance Sheet.