0
Creditors are the people which gives products on credit to business for payment in future, as it is liability of business so it is shown under current liability at liability side of balance sheet .
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How do you Treat debtors in balance sheet?
Debtors is part of current asset and shown there in balance sheet.
How do you treat live stock in balance sheet?
how we treat live stock in balancesheet
How do you treat the revaluation surplus amount in the balance sheet?
you dont lol haha
How to treat interest on capital while preparing balance sheet?
Interest on capital is added on the capital account in balance sheet as interest incurred from capital is based on business entity assumption.
Is Loan on balance sheet or off balance sheet?
Loan is on balance sheet
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
How do you treat business plan in accounting?
one compares the proforma to the current income statement and balance sheet.
What accounts are balance sheet accounts?
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
Grouping and marshalling in balance sheet?
grouping and marshalling in balance sheet grouping and marshalling in balance sheet
Is there a difference between a merchandiser's balance sheet and a service company's balance sheet?
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
What is a pro forma balance sheet?
Proforma balance sheet is a projected balance sheet to predict the future of business.
What does it mean a balance sheet does not balance?
my balance sheet does not balance why?
