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Prepaid advertising would be reported on the balance sheet as a?
An asset
Where should promotional products given to customers be classified in the balance sheet?
They should appear on the Income Statement (NOT the Balance Sheet) as Advertising and Promotion Expenses.
Do expenses go on a balance sheet?
no
Do drawings go on a balance sheet?
yes
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Prepaid advertising would be reported on the balance sheet as a?
An asset
Where should promotional products given to customers be classified in the balance sheet?
They should appear on the Income Statement (NOT the Balance Sheet) as Advertising and Promotion Expenses.
Where do fix assets go on a balance sheet?
they fall in the first column of a balance sheet
Where do fixed assets go on balance sheet?
they fall in the first column of a balance sheet
Does a liability account go on a balance sheet?
Liabilities are included on the credit side of 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.
Do expenses go on a balance sheet?
no
Do drawings go on a balance sheet?
yes
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a 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.
Where does overdraft go to balance sheet or profit and loss account?
Bank overdraft is shown in balance sheet either as a negative amount of bank in asset side or at liability side of balance sheet.
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.
