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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.
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Bonds Payable would be a liability and therefore normally maintain a credit balance.
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.
no, it is current liability
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.
Yes bonds payable means liability..first of all wherever the word payable denotes for paying that shows liability
Bonds Payable would be a liability and therefore normally maintain a credit balance.
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.
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.
no, it is current liability
True
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.
deductions
bonds payable and commercial paper
If this bond payable is payable within one fiscal year then it is current liability otherwise if it is not payable within one fiscal year then it is non current liability.
increase