The nature of a balance sheet is to list every financial business and resource obligation that a business has. They detail many aspects like liabilities, equity, and assets.
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Common stock is a liability account in nature and it is the amount which is payable by business back to it's owners that's why it is shown in balance sheet and not in income statement.
Proforma balance sheet is a projected balance sheet to predict the future of business.
my balance sheet does not balance why?
Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.
It depends on the nature, if expenses are paid and benefits are also rendered then expenses will be shown in income statement, but if benefits not received then it will be shown in balance sheet.
Loan is on balance sheet
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Common stock is a liability account in nature and it is the amount which is payable by business back to it's owners that's why it is shown in balance sheet and not in income statement.
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
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.
Proforma balance sheet is a projected balance sheet to predict the future of business.
Accumulated Depreciation is a liability nature of account to reduce the contra asset from balance sheet that's why it only shows in liability side of balance sheet to show reduction of asset.
balance sheet
my balance sheet does not balance why?
EBIT is not show in balance sheet rather Earning after tax is shown in balance sheet.