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Where you show unclaimed dividend in final accounts if it is only in the trial balance?
balance sheet current liabilites
Where to enter loan interest payable in the balance sheet?
I think it would go under your liabilites..
Total amount of the liability accounts reported on the post closing trial balance is?
the liabilites and the owners equity
Where contigent liabilites are shown in balance sheet?
Contingent liabilities does not show in balance sheet rather it is provided in notes to financial statements as a note about contingent liability and detail etc.
What is the normal balance of a withdrawal?
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
What is the normal balance of income summary?
It has no normal balance.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
What is the normal balance of unearned rent?
It has a normal balance of a credit.
What is the normal account balance of Income Summary?
It has no normal balance.
Which side does Liabilites appear on a balance sheet?
Normally in balance sheet liabilities shown in left side of balance sheet but sides don’t matter much as sides can be change or in statement form of accounts there are actually no sided and balance sheet is prepared in statement form where assets comes first and then liabilities and equity.
What is the normal balance of accumulated depreciation?
the normal balance of accumulated depreciation is "credit"
What is the normal balance of retained earnings?
normal balance of retained earnings: credit.
