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In a Sinking Fund cash or cash assets are set aside for what purpose?
A bond sinking fund is a restricted asset of a corporation that was required to set aside money for redeeming or buying back some of its bonds payable.
Is bonds payable debit?
Bonds payable is liability for business which is refundable in future and like all liabilities which have credit balance as default balance bonds payable also has credit balance as default balance.
Are bonds payable a current liability?
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Is bonds payable normally debit or credit?
Bonds Payable would be a liability and therefore normally maintain a credit balance.
What are the asset and liability with help of examples?
Assets are those items which business uses to earn revenue like propery, plant, equipment, inventory, cash etc. Liaibities are those items which is payable by company to third parties or owner of business like owners capital , accounts payable, bonds payable etc.
In a Sinking Fund cash or cash assets are set aside for what purpose?
A bond sinking fund is a restricted asset of a corporation that was required to set aside money for redeeming or buying back some of its bonds payable.
Is bonds payable debit?
Bonds payable is liability for business which is refundable in future and like all liabilities which have credit balance as default balance bonds payable also has credit balance as default balance.
Are bonds payable a current liability?
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Is bonds payable normally debit or credit?
Bonds Payable would be a liability and therefore normally maintain a credit balance.
What are the asset and liability with help of examples?
Assets are those items which business uses to earn revenue like propery, plant, equipment, inventory, cash etc. Liaibities are those items which is payable by company to third parties or owner of business like owners capital , accounts payable, bonds payable etc.
What is the normal balance of a bonds payable account?
Normal balance of bonds payable account is credit account and it is shown under liability side of balance sheet because these are the amounts payable in future.
How is the bonds payable classified on the balance sheet?
Bonds payable is classified as liability in balance sheet. That portion which is payable in current fiscal year as current liability while remaining portion as non-current liability.
What is a quick asset?
A quick asset is any asset, such as stocks and bonds, which can quickly be converted into cash.
Notes that promise repayment of borrowed money in the future.?
Bonds
Is bonds payable a noncurrent liability?
no, it is current liability
Bonds are a form of interest-bearing notes payable?
True
Bonds payable are reported on the balance sheet at?
bonds payable are shown in balance sheet under current as well as non-current liability portion as that much amount which is payable within current year is current liability and remaining is non-current liability.
