0
What else can I help you with?
Is discount received balance sheet item or not?
It's only treated in income statement, not balance sheet.
Is admission revenue credit or debit in balance sheet?
Credit side of balance sheet.....Revenue is an Owners Equity account therefore has a Credit Balance.
How is a credit card reflected on a balance sheet?
A credit card is reflected on a balance sheet as a liability, representing the amount owed to the credit card company. This is recorded under the "liabilities" section of the balance sheet.
How are credit cards reflected on a balance sheet?
Credit cards are reflected on a balance sheet as a liability, representing the amount of money owed to the credit card company. This is shown under the "liabilities" section of the balance sheet.
On the Trial Balance Sheet AR is?
in a trial balance sheet are is a debit credit or liabiltiy
Is bond a on balance sheet or off balance sheet item?
A bond is a liability that is recorded on the balance sheet as part of long term liabilities.
Is there a difference between a merchandiser's balance sheet and a service company's 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.
Where does stationary go on a balance sheet in business studies?
Stationery, as an accounting item, does not appear on a business Balance Sheet. The Balance Sheet is reserved for assets and liabilities. The Income Statement reflects income and expenses and because Stationery is an expense item it will appear on the Income Statement and not the Balance Sheet.
Is closing stock a balance sheet item?
Yes closing stock is balance sheet item and shown under current asset in asset side.
Does a liability account go on a balance sheet?
Liabilities are included on the credit side of the balance sheet.
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is bank charges a balance sheet item?
yes
