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What does a ammorization table show you?
An amortization table shows the breakdown of loan payments over time, detailing how much of each payment goes toward interest and how much goes toward the principal balance. It typically includes columns for the payment number, payment amount, interest paid, principal paid, and remaining balance. This table helps borrowers understand the repayment process, track their progress, and see how interest costs decrease as the principal is paid down.
What is consolidate balance?
The sum balance of all of your accounts, combined.
A statement of money received and paid with a balance?
A statement of money received and paid with a balance is an account.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
Does paid-in-capital carry a debit or credit balance?
Paid in capital is the liability for business and like all other liabilities it also has credit balance as normal balance
If my balance is paid can my car be reposessed?
no if it is paid it is yours unless, there is a lien on it
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.
Where does tax paid goes in the balance sheet?
Tax paid is not part of balance sheet or income statement rather it is part of cash book.
Where on the balance sheet is additional paid-in capital recorded?
Additional paid-in capital is recorded on the balance sheet under the shareholder's equity section.
What is the Center of balance formula?
The center of balance formula calculates the point at which the sum of the moments of the forces acting on a system is zero. It is expressed as ΣF * d = 0, where ΣF is the sum of the forces and d is the distance from the pivot point. By setting the sum of the moments to zero, you can determine the location of the center of balance in the system.
Is paid in capital a debit or credit account?
Paid in capital is liability for business and like all liabilities it also has credit balance as normal balance.
How is average daily balance calculated?
it is the sum of the daily balance divided by the number of days in the billing cycle
