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Where do the Maintenance expense go on the financial statement?
Wiki User
∙ 14y ago
Maintence Expense is just like any other expense and will be reported on the income statement and deducted from Gross Income to obtain Net Income...
Wiki User
∙ 14y ago
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Where does accumulated depreciation go on a multiple step income statement?
accumulated depreciation is a part of financial statement while its counteract or effect is recorded into income statement as a Depreciation Expense.
Does supplies expense go on income statement?
yes
What financial statement does transportation in go on?
INcome Statement
Where does electricity go on the balance sheet?
Electricity is not part of balance sheet rather it is an expense and it is shown in income statement of business as expense.
Does office depreciation expense go on income statement?
yes, under operating expenses
Does bank expense goes at income statement?
No, bank expenses do not typically go on the income statement. Bank expenses are usually recorded on the bank's own financial statements as part of their operating expenses. The income statement of a bank would typically include items such as interest income, loan loss provisions, and non-interest income.
Does loan go under income statement as an expense?
No, it is a liability and goes on the right side of a balance sheet.
Does accounts payable go on the income statement?
No, it is a Liability and will thus be presented on the Balance Sheet (Statement of Financial Position)
Do accruals go in the income statement?
It depends on transactions all receivables and payable are part of balance sheet while actual revenue or expense in part of income statement.
Does supplies go on the income statement?
No, supplies do not go on the income statement. Supplies are considered to be an expense and are typically recorded on the balance sheet under the category of current assets. The cost of supplies is then deducted over time through the income statement as they are used or consumed in the business operations.
Where can small business owners go to download financial statement forms?
Various websites offer the option to download financial statement forms such as vertex42 and score.org. These should be a good start for you to get on your way.
Does bank over draft go on an income statement?
Bank over draft is not part of income statement in accrual based accounting system as it is the cash inflow not any income or expense.
