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debit side of the Trading and Profit & loss Account
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoCarriage inwards due goes into Current Liabilites, as it is a bad thing that has yet to be paid.
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How are notes receivable due in 5 years listed on the balance sheet?
nOtes receivable due in five years is listed on the balance sheet under what csption
Why there is an increase in receivable in a balance sheet?
Due to increased credit sales there is a chance of increase of accounts receivable in balance sheet.
What are the off balance sheet financing?
Off balance sheet financing means those agreement due to which asset is used by business but no affect on balance sheet like operating lease.
Is rent due a current liability on a company's balance sheet?
Yes
Where does wages due go in a balance sheet in business studies?
Wages due (also known as "Creditors for Wages"), is listed in the Balance Sheet under "Trade and other payables" which falls under Current Liabilities. Current Liabilities again is a sub section of the Liabilities section of the Balance Sheet.
Where does Prepaid Interest comes in a balance sheet?
prepaid interest is that amount of interest which is not due but paid in advance as it is not due yet it is current asset of business and it will be shown in current assets section of balance sheet.
Why does balance sheet balance?
balance sheet get balance due to the accounting principle Dual aspect. In it each and every transaction has debit and credit having equal amount. Debit the gains is equal to the Credit the losses. one of the gain is acquired then, there must be any losses. due to this principle it's getting balance.
Where do you record a note receivable due in 18 months on a balance sheet?
Investments
What is the treatment of Interest on Debentures Accrued but not due in the Co's Balance Sheet?
In the Co's Balance Sheet: Interest on Debenture Accrued but not due is to be taken under the head Current Liabilities. Where as Interest on Debenture Accrued and Due is taken under the head Secured Loan.
Is rent a current liability on a personal balance sheet?
No, rent is an expense on the trading profit and loss and appropriation account. Rent due is a current liability on a personal balance sheet. Hope this helps. No, rent is an expense on the trading profit and loss and appropriation account. Rent due is a current liability on a personal balance sheet. Hope this helps.
Is accounts receivable listed on balance sheet under liabilities and equity?
On a balance sheet, "accounts receivable" are considered an asset. . NOT a liability. Think about it . . this is money that is due to the business compared to "accounts payable" which is money due to someone else. . .and thus a liability.
Intercompany should these appear on the PL or balance sheet?
If your question relates to paying Company A's expenses with Company B's money, those entries belong in accounts; "Due to Company B" and "Due from Company A", which would appear on the balance sheet.
