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Does accumulated amortization goes in income statement?
accumulated amortization is part of balance sheet same as accumulated depreciation and both shown in balance sheet liability side.
Miscellaneous expenses in the balance sheet?
Miscellaneous expenses are part of income statement and not part of balance sheet and not shown under balance sheet.
Is it patents part of income statement?
Amortization is not entered separately but just shown as a deduction from the respective asset(patent) in balance sheet. However it is shown separately in P&L A/c. Its treatment is similar to that of depreciation.
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.
How to place prepayments on balance sheet?
prepayments are part of asset side of balance sheet and shown as current or other assets in balance sheet.
Where does interest go on balance sheet?
Interest is part of income statement and shown in income statement and not part of balance sheet.
How do you Treat debtors in balance sheet?
Debtors is part of current asset and shown there in balance sheet.
Is sales included in balance sheet?
sales are part of income statement and not shown in balance sheet.
Does paying insurance expense affect balance sheet?
Payment of insurance expense affects the balance sheet as it reduces the cash or bank balance which is part of balance sheet as well.
Are administrative expenses on the balance sheet?
Administrative expenses are part of income statement and shown there and not 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.
Is accurals include in balance sheet?
Yes accrual are part of balance sheet as accruals deals with future activities and all future actives are dealt by balance sheet.
