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Is it possible for salaries to end up as assets on the balance sheet?
Wiki User
∙ 13y ago
The salary expense - no
But the control account that would normally be a liability until the employees are paid could become an asset is an employee was over paid and due to pay the company back.
Wiki User
∙ 13y ago
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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.
Are salaries listed on the balance sheet?
Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
What can be amortized on the balance sheet?
Intangible assets are amortized on balance sheet same as tangible assets are depreciated.
Where does bank go in a trading profit and loss account or balance sheet?
Well salaries payable is liability of an organization . This is a current liabilities so they are posted in capital and liability side of a balance sheet.
Is prepaid interest on a balance sheet?
Yes. It is an asset and assets are on the balance sheet.
Where to put deferred tax assets in the balance sheet?
Defferred tax asset is shown in assets side of balance sheet under head of other assets.
Where does prepaid expense go on balance sheet?
Prepaid expenses are shown in current assets under assets portion of balance sheet.
Intangible assets on the balance sheet?
Below Fixed Assets
Where do fix assets go on a balance sheet?
they fall in the first column of a balance sheet
Where do fixed assets go on balance sheet?
they fall in the first column of a balance sheet
What is balnce sheet?
Balance sheet is the record of Assets and Liabilities.
What is a financial statement that includes assets and liabilities?
A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
