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A balance sheet is a statement of the financial posting of a business which states the assets, liabilities and owners' equity at particular point in time

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How would fees receivable appear on the balance sheet?

Fees receivable would appear on the balance sheet as an asset.


Where would unearned rent appear on the landlord's balance sheet?

In the current liability section of the balance sheet.


Is Loan on balance sheet or off balance sheet?

Loan is on balance sheet


Does accounts receivable go on a balance sheet as liabilities and equity?

Accounts receivable would appear as an asset (+) on a 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.


Which of the following errors would cause the Balance Sheet and Statement of Owner's Equity columns of a work sheet to be out of balance?

entering an expense amount in the balance sheet and statement of owner's equity debit column.


Where would prepaid accounts goes in a accounting sheet?

in assets side of the balance sheet


What disclosures should be made in the equity section of the balance sheet rather than in the notes to the financial statements?

define liquidation preferences as disclosures should be made in the equity section of the balance sheet, rather than in the notes to the financial statements


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.