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they fall in the first column of a balance sheet
What else can I help you with?
Where do investments go in the balance sheet?
fixed assets
Where does land go in the profit and loss account?
land goes on the balance sheet under fixed assets :)
Where do fix assets go on a balance sheet?
they fall in the first column of a balance sheet
Where does prepaid expense go on balance sheet?
Prepaid expenses are shown in current assets under assets portion of balance sheet.
Where does prepaid expenses go on the balance sheet?
Assets
Where does owner capital go on the balance sheet?
It goes under the Owner's Equity of the Balance Sheet. Assets = Liability + Owner's Equity
Where does reserve for depreciation go on the balance sheet?
accumulated depreciations are recorded in the liability side of the balance sheet as a deduction from concerned assets. it also shows in the debit side of profit and loss account as an expence
What goes on income statement and what goes on balance sheet?
expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.
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.
Does inventory go on a balance sheet?
Yes inventory is part of current assets portion of balance sheet as it is usable in current fiscal year for revenue generation.
What information can you obtain from balance sheet?
A balance sheet, also called a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement are used to identify/gauge a company's financial status or position. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it.
Does equipemnt go on the income statement?
No, the income statement is for revenue and expenses only. Equipment will go on your balance sheet with your assets.
