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Answered 2010-01-20 13:14:23

Basic accounts found on the balance sheet include :

ASSETS

Cash, Marketable Securities, Accounts Receivable, Inventory, Prepaid Expenses,Investments (Long Term), Plant & Equipment(Less Depreciation)

LIABILITIES

Current Liabilities include: Accounts Payable, Notes, Payable, Accrued Expenses,

Long Term Liabilities include: Bond Payable

Stockholders Equity include: Preferred Stock, Common Stock, Capital Paid in excess of par, Retained Earning, less Treasury Stocks.

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Are accounts payable found on balance sheet or income statement?

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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.


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