yes
HST paid goes on the credit side or expenses on the balance sheet
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
Defferred tax asset is shown in assets side of balance sheet under head of other assets.
Long term = non current Payable = liability Therefore, I would put it under the Non-Current Liabilities heading in the balance sheet.
Drawings are recorded as a reduction of owners equity at equity side of balance sheet.
asset
yes
The Drawings account is not an expense account. It is a contra equity account. Therefore, it appears on the balance sheet.
Under the liabilities section of the balance sheet?
It would be a credit to bank and a debit to the capital account. Most of the time there will be a drawings account, but it will be by the capital in the balance sheet.
HST paid goes on the credit side or expenses on the balance sheet
liability
Retained Earnings
Current liabilities.
No.
Loan is on balance sheet