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assets or resources, money or money worth available to an organisation in doing business
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoBalance sheets list assets (things that are owned), liabilities (debts), and net worth (assets minus liabilities).
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What does a balance sheet look like?
One way to describe the balance sheet is a more detailed version of the accounting equation. A= L+E.
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.
Describe a balance sheet?
Balance sheet is a financial statement which shows the overall performance of any company from it's inception to till date and includes assets, liabilities and owner equity etc.
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 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.
