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What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
What is difference between worksheet and balance sheet?
There is a difference between: Worksheet and Balance Sheet
Does net income on balance sheet come from income statement?
Yes income in balance sheet is the same amount which is calculated in income statement if there is any difference then it may be due to distribution of net income between retained earnings and dividend.
What is the difference between the unadjusted trial balance and the adjusted trial balance?
The difference between adjusted and Un-adjusted trial balance is that in adjusted trial balance the items of balance sheet and income statement are randomly but in adjusted trial balance the items are in tabular form.
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What is the linkage between income statements and balance sheet?
Income statement and balance sheet are linked in this way that income statement describes how assets and liabilities are utilized to earn revenue and net income while balance sheet describes the information about remianing amount of assets and liabilities.
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 the income a balance sheet account?
Income is an income statement account and shown in income statement and not a balance sheet account.
What is the difference between a balance sheet and a budget variance?
A budget is all expenses of the performances which has done by actual forecasting in front of the income and sources but balance sheet is a sheet that we appear what we have and both sides of balance should be equal and shows the situation of a company but budget shows the estimation of the costs!
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.
Is interest on fixed deposit located on income statement or balance sheet?
both.. balance sheet under liquid asset..income statement under inflow/income..
Allowance for doubtful accounts is reported in the a balance sheet or a income sheet?
balance sheet
